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Please help. Thanks! How would the formulas look like in excel? B D E G H K M Question 2 On January 1, 2019, Boomer
Please help. Thanks! How would the formulas look like in excel?
B D E G H K M Question 2 On January 1, 2019, Boomer Corp. issued bonds having the following characteristics: 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Face value: Issue price: Stated rate: Market rate: Maturity: $300,000.00 $287,525.09 6% per year 7% per year 5 years The bonds make semiannual interest payments on June 30 and December 31. Assume that the company uses the effective interest method. Construct an amortization schedule for the life of the bond. (Round to the nearest whole dollar. Do not manually input values. Use Excel formulas and cell references only.) Cash Interest Discount Amortization Carrying Value Interest Expense 1 $287,525 18 20 21 22 23 24 25 26 27 28 29 30 Period Issue date 1 6/30/19 2 12/31/19 3 6/30/20 4 12/31/20 5 6/30/21 6 12/31/21 7 6/30/22 8 12/31/22 9 6/30/23 10 12/31/23 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000 $9,000Step by Step Solution
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