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labwork [276]
2 years ago
10

A company issues $25300000, 7.8%, 20-year bonds to yield 8.0% on January 1, Year 17. Interest is paid on June 30 and December 31

. The proceeds from the bonds are $24799240. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, Year 17 balance sheet?" "$24,804,508.00 " "$24,809,990.00 " "$24,825,593.00 " "$25,300,000.00 "
Business
1 answer:
kirza4 [7]2 years ago
3 0

Answer:

$1,960,623

($24,505,180 × .04) + ($24,510,387 × .04) = $1,960,623.

Explanation:

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3 years ago
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Answer:

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Explanation:

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3 years ago
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3 years ago
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Answer:

See the explanation section

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