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only answer question 2 please. I only added question 1 because you use its answer for question 2. 1. Using the Excel PV function, determine
only answer question 2 please. I only added question 1 because you use its answer for question 2.
1. Using the Excel PV function, determine the proceeds of the bond issuance assuming a 6 percent effective (market) annual interest rate. PV(rate.nper,pmt,fv,type) = Use two present value tables to compute the price of the bonds. Show it on the Excel document 2. Use the answer from the Excel PV function, and create an amortization table In Excel for the entire term of the bonds using the effective interest method of amortization. A formula or copying a formula is required for all cells that contain numbers. On January 1, 2018, the Blue Devil Corporation issued $100,000 of ten-year bonds. The bonds carried a stated annual interest rate of 5 percent, with interest payable semiannually on June 30 and December 31Step by Step Solution
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