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On January 1, 2022, Intella Corporation issued $140,000 par value, 5-year, zero-coupon bonds. The market rate of interest on the date of the bond issue
On January 1, 2022, Intella Corporation issued $140,000 par value, 5-year, zero-coupon bonds. The market rate of interest on the date of the bond issue was 8%. The company's fiscal year ends on December 31. Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table Read the requirements. Requirement a. Determine the issue price of the debt. (Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answers to the nearest whole dollar.) The issue price of the debt is = Present Value of $1 Present Value of an Ordinary Annuity Future Value of an Annuity Due Present Value of an Annuity Due Future Value of an Ordinary Annuity Future Value of $1
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