Q2

Round final answers to 2 decimal places,

please fill in the table provided and the answer as well

A city has financed a local project with a $600,000 bond issue with a coupon rate of 6% compounded semi-annually. The bonds are redeemable in 13 years. At the same time, a sinking fund earning interest at 5.3% compounded semi-annually is established to accumulate the full $600,000 when the bonds mature in 13 years. 1. Find the periodic expense of the debt. 2. Find the book value of the debt after 7 years. 3. Construct the sinking fund schedule for the 9th year. 1. Find the periodic expense of the debt. 2. Find the book value of the debt after 7 years. \begin{tabular}{|c|c|} \hline PMT & \\ \hline Setting & \\ \hline N & \\ \hline I/Y & \\ \hline P/Y & \\ \hline C/Y & \\ \hline \end{tabular} Paragraph \begin{tabular}{|c|c|} \hline C/Y & \\ \hline PV & \\ \hline PMT & \\ \hline FV & \\ \hline \end{tabular} 3. Construct the sinking fund schedule for the 9 th year