Question
On March 1, The Red company Inc issued a $600,000, 8%, 3years bond. Interest is payable...
On March 1, The Red company Inc issued a $600,000, 8%, 3years
bond.
Interest is payable semi annu beginning Sep1, 2017.
Year end is Apr 30, 2017
Question#1
Using tge effective interest rate method, make an amortization
schedule
(assume that market interest rate is 8.5% on the date
of issue)
Homework Answers
Answer #1
Hi
Let me know in case you face any issue: Although the format of schedule is not provided but i have used the best format:
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