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please answer all questions. will leave a like thank you. Oriole Company issued $1,000,000, 9-year bonds. It agreed to make annual deposits of $77.500 to
please answer all questions. will leave a like thank you.
Oriole Company issued $1,000,000, 9-year bonds. It agreed to make annual deposits of $77.500 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 9 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 9 years? (Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund $ Cullumber Company is considering an investment that will return a lump sum of $940,000 6 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Cullumber Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.) Cullumber Company should pay Wildhorse Railroad Co. is about to issue $252,000 of 9-year bonds paying an 10% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Wildhorse expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.) Wildhorse can expect to receive Pharoah Railroad Co. is about to issue $300,000 of 6-year bonds paying an 9% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Pharoah expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.) Pharoah can expect to receive $ Step by Step Solution
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