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please help me on the two PMT boxes that are blank! On January 1, Bantic, Inc. issued a 20-year quarterly bond with a face value
please help me on the two PMT boxes that are blank!
On January 1, Bantic, Inc. issued a 20-year quarterly bond with a face value of $1,920,000 that pays 2.0% interest. On the date of issue, the market for similar bonds was 5.0%. How much was Bantic able to raise from issuing this bond? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute the amount that Bantic was able to raise by issuing this bond. Time Value of Money (TVM) Framework 2% PMT C n CPT PV ? FV -1920000 type O 1 20 5% 80 4 1.2Step by Step Solution
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