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On January 1 , 2 0 2 4 , Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 3 0 and December

On January 1,2024, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:
Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance
5,802,315
1332,000348,13916,1395,818,454
2332,000349,10717,1075,835,561
3332,000350,13418,1345,853,695
4332,000351,22219,2225,872,917
5332,000352,37520,3755,893,292
6332,000353,59821,5985,914,890
~ ~ ~ ~ ~
~ ~ ~ ~ ~
~ ~ ~ ~ ~
38332,000471,377139,3777,995,654
39332,000479,739147,7398,143,393
40332,000488,607156,6078,300,000
Required:
What is the face amount of the bonds?
What is the initial selling price of the bonds?
What is the term to maturity in years?
Interest is determined by what approach?
What is the stated annual interest rate?
What is the effective annual interest rate?
What is the total cash interest paid over the term to maturity?
What is the total effective interest expense recorded over the term to maturity? On January 1,2024, Tennessee Harvester Corporation Issued debenture bonds that pay interest semlannually on June 30 and
December 31. Portions of the bond amortization schedule appear below.
Required:
What is the face amount of the bonds?
What is the initial selling price of the bonds?
What is the term to maturity in years?
Interest is determined by what approach?
What is the stated annual Interest rate?
What is the effective annual Interest rate?
What is the total cash Interest pald over the term to maturity?
What is the total effective Interest expense recorded over the term to maturity?
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