On January 1, the first day of the fiscal year, a company issuesa $1,800,000, 6%, five-year bond that pays semiannual interest of$54,000 ($1,800,000 ? 6%

On January 1, the first day of the fiscal year, a company issuesa $1,800,000, 6%, five-year bond that pays semiannual interest of$54,000 ($1,800,000 � 6% � ½), receiving cash of $1,725,151.Requi 2 answers