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what tables i should use to find 2.57710? thanks Donas issued at Par Illustration Three year bonds are issued at face valu of $100,000 on
what tables i should use to find 2.57710? thanks
Donas issued at Par Illustration Three year bonds are issued at face valu of $100,000 on Jan. 1, 2007, with a stated interest of 8%. Interest paid annually on Dec. 31. Calculate ti issue price of the bonds, market interest rate of 8%. Market Rate 8% (PV for 3 periods at 8%) Principal $100,000 x 0.79383 = $ 79,383 Interest 8,000 X 2.57710 = 20,617 Present value 100,000 Face value 100,000 Discount $ 0 apterStep by Step Solution
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