Question: I really need help on the amortization table thank you! Tano issues bonds with a par value of $98,000 on January 1, 2016. The bonds'
Tano issues bonds with a par value of $98,000 on January 1, 2016. The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $90,537. 1. What is the amount of the discount on these bonds at issuance? S 7463 2. How much total bond interest expense will be recognized over the life of these bonds? Bond Interest Expense Over Life of Bonds: Amount repaid: 6 payments of Par value at maturity 3,430 S 20,580 Total repaild Less amount borrowed Total bond interest expense 98 118.580 90 s 28,043 3. Prepare an amortization table using the straight-line method to amortize the discount for these bonds. (Round your intermediate calculations to the nearest dollar amount.) End 01/01/2016 06/30/2016 12/31/2016 06/30/2017 12/31/2017 06/30/2018 2/31/2018 Value
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