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please answer all of them Use the following to answer questions 8-10 (Round answers to the nearest dollar) BZ Corp issues 5.0%, 10-year bonds with
please answer all of them
Use the following to answer questions 8-10 (Round answers to the nearest dollar) BZ Corp issues 5.0%, 10-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5.1%. Interest is paid semiannually. 8. $ (rounded to nearest dollar) What is the issue price of the bond? Chapter 9 Page 9-1 9. $ - (rounded to nearest dollar) When the company records the 2nd interest payment, how much will the company record for interest expense? 10. $ payment? (rounded to nearest dollar) What is the bond liability (carrying amount) after the 2nd interest Use the following to answer questions 20 - 24 On January 1, year 1, JT borrows $41,000 to purchase a new vehicle by agreeing to a 3.0%, 6-year loan with the bank. Payments are due at the end of each month with the first installment (vehicle payment) due on January 31, year 1. ROUND YOUR ANSWERS TO THE NEAREST CENT. 20. Determine the monthly vehicle payment installment) $ 21. Determine the interest expense for the first car payments 22. How much of the payment will decrease the amount owed (principal)? $. 23. After the first vehicle payment is made the amount owed on the vehicle would be: $ 24. Determine interest expense for the second car payment $Step by Step Solution
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