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Discount-Mart issues 11 million in bonds on January 1 2010 They have a seven-year term and pay interest semiannually?
Discount-Mart issues $11 million in bonds on January 1, 2010. They have a seven-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/10 9,977,552 6/30/10 550,000 598,653 48,653 10,026,205 12/31/10 550,000 601,572 51,572 10,077,777 6/30/11 550,000 604,667 54,667 10,132,444 12/31/11 550,000 What is the stated annual rate of interest on the bonds? a) 11%. b) 10%. c) 5%. d) 12%. You can also get answer from onlinesolutionproviders com thanks
What is the term can be divided by?
divisible
Definition of simple interest?
Simple interest is a term that is used for quickly calculating the interest charge on a loan.
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
