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Helga [31]
3 years ago
7

1. Use a financial calculator or computer software program to answer the following questions:

Business
1 answer:
netineya [11]3 years ago
3 0

Answer:

a. $66,889.63

b. $107,726.42

Explanation:

We use the Present value function that is to be reflected on the attachment

a. In the first case

Data provided in the question    

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $66,889.63

b. In the second case

Data provided in the question    

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $107,726.42

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Answer:

yes I agree

Explanation:

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5 0
3 years ago
On January 1, Greene Inc. issued $5,000,000, 9% bonds for $4,685,000. The market rate of interest for these bonds is 10%. Intere
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Answer:

b.$296,500.

Explanation:

Calculation to determine what Greene should report as unamortized bond discount

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Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)

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Therefore Greene should report unamortized bond discount of $296,500

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Answer:

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