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Please explain in detail how to actually solve this in Excel. The answer is 874,486.12, but I cannot figure out how to get 874,486.12. Heller
Please explain in detail how to actually solve this in Excel. The answer is 874,486.12, but I cannot figure out how to get 874,486.12.
Heller Company issues $1,000,000 of 8% bonds that pay interest quarterly and mature in 10 years. What is the bonds issue price assuming that the bonds market interest rate is 10% per year?
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