Question: please answer in brief. show all calculations step by step. 1. Bosphorous Inc. approached the capital market and issued a ten- year, 12% bonds with

please answer in brief. show all calculations step by step.

1. Bosphorous Inc. approached the capital market and issued a ten- year, 12% bonds with a face value of $ 500,000 on January 1, 2021, with interest payable semi-annually on June 30 and December 31. The market interest rate was 10%. Instructions a) Use your calculator to calculate the issue price of the bonds. b) Independent of your solution to part a), assume that the issue price was $ 562,000. Prepare the amortization table for 2021. Round values to the nearest dollar

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