A bearer bond worth Rs. 50,000 after six years. What will be the present value of the bond if interest is added yearly at 12 percent.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
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A bearer bond worth Rs. 50,000 after six years. What will be the present value of the bond if interest is added yearly at 12 percent.

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