20. The computer of your neighbor, who is an accountant, was hacked by mystical creatures. Your neighbor needs your help in reconstructing the amortization table for his company's investment in 3-year bonds: B. D. 1. Date Interest received Interest income Amortization Present value 2. 1/1/x1 .. ... 3 12/31/x1 280,000 2,067,602 4. 12/31/x2 31,888 2,035,714 12/31/x3 280,000 244,286 How much is the face amount of the bonds and what is the effective interest rate? a. 2,096,073; 12% b. 2,000,000; 12% c. 2,071,428; 14% d. I don't know. My brain is hacked too!

20. The computer of your neighbor, who is an accountant, was hacked by mystical creatures. Your neighbor needs your help in reconstructing the amortization table for his company's investment in 3-year bonds: B. D. 1. Date Interest received Interest income Amortization Present value 2. 1/1/x1 .. ... 3 12/31/x1 280,000 2,067,602 4. 12/31/x2 31,888 2,035,714 12/31/x3 280,000 244,286 How much is the face amount of the bonds and what is the effective interest rate? a. 2,096,073; 12% b. 2,000,000; 12% c. 2,071,428; 14% d. I don't know. My brain is hacked too!

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 9MCQ

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