Use the amortization table that you prepared for EKUs bonds in Short Exercise 9-9 to answer the

Question:

Use the amortization table that you prepared for EKU’s bonds in Short Exercise 9-9 to answer the following questions:
1. How much cash did EKU borrow on March 31, 2012? How much cash will EKU pay back at on March 31, 2022?
2. How much cash interest will EKU pay each six months?
3. How much interest expense will EKU report on September 30, 2012, and on March 31, 2013? Why does the amount of interest expense increase each period?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...