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Alex777 [14]
3 years ago
8

On January 1, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannu

ally on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months
Business
1 answer:
Mrrafil [7]3 years ago
6 0

Answer:

interest expense per coupon payment (every 6 months) = $153,000

Explanation:

In this case, since the bonds were sold at par, the interest expense and the actual cash payments are the same (no premium or discount would be amortized). To calculate the interest payment we just multiply the bonds' face value x annual interest rate x 1/2 (semiannual coupons) = $3,400,000 x 9% x 1/2 = $153,000

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If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan
Anni [7]

Answer:

7,540

Explanation:

Principle is $13,000

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Therefore the simple interest can be calculated as follows

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3 years ago
17. When a business hires another company to
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Explanation:

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5 0
2 years ago
A post-closing trial balance should be prepared
yanalaym [24]

Answer:

<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>

Explanation:

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