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On January 1, 2017 Swifty Corporation issued eight-year bonds with a face value of $6200000 and a stated interest rate o
Posted: Thu Apr 28, 2022 11:11 am
by answerhappygod
- On January 1 2017 Swifty Corporation Issued Eight Year Bonds With A Face Value Of 6200000 And A Stated Interest Rate O 1 (36.65 KiB) Viewed 35 times
- On January 1 2017 Swifty Corporation Issued Eight Year Bonds With A Face Value Of 6200000 And A Stated Interest Rate O 2 (42.87 KiB) Viewed 35 times
On January 1, 2017 Swifty Corporation issued eight-year bonds with a face value of $6200000 and a stated interest rate of 8% payable semiannually on June 30 and December 31. The bonds were sold to yield 10%. Table values are: 0.540 0.467 0.534 0.458 Present value of 1 for 8 periods at 8% Present value of 1 for 8 periods at 10% Present value of 1 for 16 periods at 4% Present value of 1 for 16 periods at 5% Present value of annuity for 8 periods at 8% Present value of annuity for 8 periods at 10% Present value of annuity for 16 periods at 4% Present value of annuity for 16 periods at 5% 5.747 5.335 11.652 10.838 The present value of the interest is
The present value of the interest is $2850512. $2687824. $2889696. $2646160.