Question: please pay close attention to the dates on the bond amortization schedule (1/1/19, 1/1/20, 1/1/21, 1/1/22, and 1/1/23) Sandhill Co. is building a new hockey

please pay close attention to the dates on the bond amortization schedule (1/1/19, 1/1/20, 1/1/21, 1/1/22, and 1/1/23) Sandhill Co. is building a new hockey arena at a cost of

Sandhill Co. is building a new hockey arena at a cost of $2,310,000. It received a downpayment of $490,000 from local businesses to support the project, and now needs to borrow $1,820,000 to complete the project. It therefore decides to issue $1,820,000 of 12%, 10-year bonds. These bonds were issued on January 1, 2019, and pay interest annually on each January 1. The bonds yield 11%.

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