Question: Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $2,500,000 par value, mature in four years, and pay 6% interest semiannually
Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $2,500,000 par value, mature in four years, and pay 6% interest semiannually on June 30 and December 31.
What total cash will be paid on December 31, 2024 (assume it includes BOTH the maturing value of bond and the final interest payment)?
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