Sunland Company issued 6%, 9-year, $290,000 par value bonds that
pay interest annually on April 1. The bonds are dated April 1,
2022, and are issued on that date. The discount rate of interest
for such bonds on April 1, 2022, is 8%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What cash proceeds did Sunland receive from issuance of the bonds?
(Round answer to 0 decimal places, e.g.
125.)
| Cash proceeds from issuance of the bonds |
You are purchasing a car for $44,000, and you obtain financing
as follows: $2,800 down payment, 12% interest, semiannual payments
over 5 years.
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Compute the payment you will make every 6 months. (For
calculation purposes, use 5 decimal places as displayed in the
factor table provided. Round answer to 2 decimal places, e.g.
52.75.)