Answer:
The amount of each semiannual interest payment is: $6,300
Explanation:
The semiannual interest payment of the bond is also known as the <em>coupon payment</em> of the bond and is calculated as follows :
Semiannual interest payment = ($140,000 × 9%) ÷ 2
= $6,300
The account titles for transaction (D) 5/5 should appear in the Account Title column of the journal entry as <span>A/P—Bellhaven Bank Cash
Hope this helps!!</span>
I agree with the first one cause money is very important u have to use it wisely but you also wanna take it into your own matters it something were to go wrong
Answer:
the yield to maturity is 5.77%
Explanation:
The computation of the yield to maturity is shown below:
Given that
FV = $1,000
PV = $431
PMT = $0
NPER = 15
The formula is shown below:
= RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the rate of interest is 5.77%
Hence, the yield to maturity is 5.77%
