Question: The following partial amortization table was developed for a 5 . 0 % , $ 7 2 0 , 0 0 0 5
The following partial amortization table was developed for a $year bond that pays interest each September and March. The table uses an effective interest rate of The bond was issued on August X
Required:
a Calculate the issuance proceeds of the bond. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.
Issuance proceeds from bond
b Calculate the issuance proceeds of the accrued interest.
Issuance proceeds from accrued interest
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