Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

Use the following info to answer and show work Face amount: 4,000 Term: 10 years Stated Interest 6% Interest Payment Date: Annually on June 1

Use the following info to answer and show work

Face amount: 4,000

Term: 10 years

Stated Interest 6%

Interest Payment Date: Annually on June 1

Yield: 9%

Issue Cost: 70$

PV of 1 for 10 period .558 (6%) .422(9%)

PV ordinary annuity of 1 of 10 periods 7.36 (6%) 6.418(9%)

How much issue proceeds received?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Belverd E. Needles Jr,, Marian Powers

8th Edition

0618310746, 978-0618310746

More Books

Students also viewed these Accounting questions

Question

★★★★★

If J = r sin cos ar cos 2 sin a + tan /2 In r a at T(2, /2, 3/2), determine the vector component of J that is (a) Parallel to az (b) Normal to surface = 3/2 (c) Tangential to the spherical surface r...

Answered: 1 week ago

Question

★★★★★

When improvements or buildings are added to real estate, the real estate tax assessment is usually increased to reflect the increased value of the property. Frank Partipilo and Elmer Hallman owned...

Answered: 1 week ago

Question

★★★★★

2. Offer a wide range of problems, and encourage all students to try a few of the harder ones for extra credit. Find something positive about these attempts.

Answered: 1 week ago

Question

★★★★★

The Aubey Coffee Company is evaluating the within-plant distribution system for its new roasting, grinding, and packing plant. The two alternatives are (1) A conveyor system with a high initial cost...

Answered: 1 week ago

Question

★★★★★

Klean Fiber Company is the creator of Y.CQ, a technology that weavos stlver into its fabrics to kill bacteriaand odor on clothing whille managing heat. Y.Go has become very populat in undergarments...

Answered: 1 week ago

Question

★★★★★

Raner, Harris and Chan is a consulting firm specializing in information systems for medical and dental clinics. The firm has two officesone in Chicago and one in Minneapolis. It classifies the direct...

Answered: 1 week ago

Question

★★★★★

Elliott is quite the golfer and one day while playing a round of golf with some friends, he whacks his tee-shot into someone's back yard and hits the homeowner on the head with his golf ball. The...

Answered: 1 week ago

Question

★★★★★

Book: An Intro to Combustion 4th ed. by Turns and Haworth Rank these fuels in decreasing order of reactivity: H2, CH4, CO. For a given equivalence ratio, plot (qualitatively) the product gas...

Answered: 1 week ago

Question

★★★★★

a) Based on your understanding, what is product decision? (3 marks) (CLO1:PLO1:C2) b) Draw & explain about the 'Product Life Cycle' (12 marks) (CLO2:PLO1:C2)

Answered: 1 week ago

Question

★★★★★

Q1 The following monthly budgeted data are available for the Stark Company: Sales Variable expenses Contribution margin Product A Product B Product C $500,000 $300,000 $900,000 300,000 210,000...

Answered: 1 week ago

Question

★★★★★

Air at 80 and 14.5 psia flows into a hair dryer and is heated by an electrical heating element. Hot air at 176 leaves the dryer through a 2 inch diameter outlet at a volume flow rate of 1.51 ft3/s...

Answered: 1 week ago

Question

★★★★★

=+What is the brand's character or personality?

Answered: 1 week ago

Question

★★★★★

=+8. Did you correctly position or reposition the product in the mind of the consumer?

Answered: 1 week ago

Question

★★★★★

=+7. Did your audience walk away with a message that reinforced or changed their

Answered: 1 week ago

Previous Question Next Question