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Use the following to answer questions 11-15 AL issues 6.0%, 10 year bonds with a face amount of $1,000,000 for $1,003,688.78. The market interest rate
Use the following to answer questions 11-15 AL issues 6.0%, 10 year bonds with a face amount of $1,000,000 for $1,003,688.78. The market interest rate for bonds of similar risk and maturity is 5.95% Interest is paid annually. Use the following to answer questions 20 - 24 On January 1, year 1, the company borrows $65,000 to purchase a new vehicle by agreeing to a 4.0%,6-year loan with the bank. Payments are due at the end of each month with the first installment (vehicle payment) due on January 31, year 1. AFTER completing the problem, ROUND YOUR ANSWERS TO THE NEAREST DOLLAR. IMPORTANT!!!! when inputting the monthly interest rate DO NOT ROUND IT. Use the following to answer questions 11-15 AL issues 6.0%, 10 year bonds with a face amount of $1,000,000 for $1,003,688.78. The market interest rate for bonds of similar risk and maturity is 5.95% Interest is paid annually. Use the following to answer questions 20 - 24 On January 1, year 1, the company borrows $65,000 to purchase a new vehicle by agreeing to a 4.0%,6-year loan with the bank. Payments are due at the end of each month with the first installment (vehicle payment) due on January 31, year 1. AFTER completing the problem, ROUND YOUR ANSWERS TO THE NEAREST DOLLAR. IMPORTANT!!!! when inputting the monthly interest rate DO NOT ROUND IT
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