The value of the bond is $865.80.
<h3>What is a bond?</h3>
A bond is a debt instrument used to raise capital. Bondholders receive periodic interest payment. At the maturity of the bond, the bondholders receive the amount invested.
<h3>What is the value of the bond?</h3>
The value of the bond can be determined by calculating the present value of the bond. The present value is the sum of the discounted cash flows.
Present value = (60 / 1.08) + (60 / 1.08^2) + (60 / 1.08^3) + (60 / 1.08^4) + (60 / 1.08^5) + (60 / 1.08^6) + (60 / 1.08^7) + (60 / 1.08^8) + (60 / 1.08^9) + (60 / 1.08^10) + (1000 / 1.08^10) = $865.80
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Answer:
it's 0
Explanation:
hes returning to college and making zero money
Answer:
TRUE The Statement is correct
Explanation:
We need to add up both advertizement contract to knwo the total acquisition cost of the advertizement.
<u>First contract cost:</u>
365 daysper year / 7 dayts per week = 52 week per year
52 week per year x $20 dolllar per weke = $1,040
<u>Second contract cost:</u>
12 months per year x $100 per month = $1,200
Total acquisition cost: 2,240
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Answer for your question!
Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.