Question: Building a Note Amortization Table. Patterson, Inc. issued $156,000,000 maturity value of three-year notes, which carried a coupon rate of 4% and which paid interest

Building a Note Amortization Table. Patterson, Inc. issued $156,000,000 maturity value of three-year notes, which carried a coupon rate of 4% and which paid interest semiannually. At the time of the note sale, equivalent risk-rated debt instruments carried a yield rate of 5%. Develop a note amortization table for Patterson's 4%, three-year notes. What is face value of the notes: $Answer 1

Calculate the present value of the notes: Note: Round each below entry to the nearest dollar and use the rounded amounts in any further calculations.

Present value of principle:

Answer 2

Present value of interest payments:

Answer 3

Present value of note payable:

Answer 4

What is the note discount:

Answer 5

Note: When filling out the below table round each calculated amount to the nearest dollar before proceeding with further calculations.

Patterson, Inc.
5% Note Amortization Table
(1) (2) (3) (4) (5) (6)
Cash Interest Discount Discount Face Value Book Value
Period Payment Expense Amortization Balance of Notes of Notes
Beg. of period

Answer 6

Answer 7

Answer 8

End of period 1

Answer 9

Answer 10

Answer 11

Answer 12

Answer 13

Answer 14

End of period 2

Answer 15

Answer 16

Answer 17

Answer 18

Answer 19

Answer 20

End of period 3

Answer 21

Answer 22

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Answer 26

End of period 4

Answer 27

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Answer 30

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Answer 32

End of period 5

Answer 33

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Answer 35

Mark 0.00 out of 1.00

Answer 36

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End of period 6

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Answer 44

Your calculations may differ slightly due to rounding differences.

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