Question
Super Splash issues $850,000, 8% bonds on january 1,2018, that mature in 10 years. The market interest rate for bonds of similar risk and maturity
Super Splash issues $850,000, 8% bonds on january 1,2018, that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 7%, and the bonds issue for $910,403. Interest is paid semianually on June 30 and December 31.
1. Complete the first three rows of an amortization schedule.
| Date | Cash Paid | Interest Expense | Decrease in Carrying Value | CarryingValue |
| 01/01/18 | $910,403.00 | |||
| 06/30/18 | ||||
| 12/31/18 |
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
