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$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Coney Island Entertainment issues $$1,100,000$ of $7\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assume that the market interest rate is $7\%$ and the bonds issue at face amount.

Required:

$1$a$.$ Calculate the issue price of a bond.

$1$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Complete this question by entering your answers in the tabs below.

Req $1A$

Req $2A$

Complete the first three rows of an amortization schedule. $($Use appropriate factor$($s$)$ from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.$)$

$\backslash$table$[[$Date$,$Cash Paid,$\backslash$table$[[$Interest$],[$Expense$]],\backslash$table$[[$Change in$],[$Carrying Value$]],$Carrying Value$],[\frac{1}{1}\frac{?}{2024},,,],[\frac{6}{30}\frac{?}{2024},,,,],[\frac{12}{31}\frac{?}{2024},,,,]][$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Coney Island Entertainment issues $$1,100,000$ of $7\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assume that the market interest rate is $7\%$ and the bonds issue at face amount.

Required:

$1$a$.$ Calculate the issue price of a bond.

$1$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Complete this question by entering your answers in the tabs below.

Calculate the issue price of a bond.

Issue price