ello I'm working on a 14-year amortization table, I'm using a face value of $30,000,000, an interest rate of 5%, and a coupon rate of 8%, I calcuated the amortization for each of the 14 years using the straight line method; however, I need help showing that the table can handle both a premium and a discount. Please guide me on how should I calculate the premium and the discount for each year of the amortization. Thanks in advance!
ello I'm working on a 14-year amortization table, I'm using a face value of $30,000,000, an interest rate of 5%, and a coupon rate of 8%, I calcuated the amortization for each of the 14 years using the straight line method; however, I need help showing that the table can handle both a premium and a discount. Please guide me on how should I calculate the premium and the discount for each year of the amortization. Thanks in advance!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hello I'm working on a 14-year amortization table, I'm using a face value of $30,000,000, an interest rate of 5%, and a coupon rate of 8%, I calcuated the amortization for each of the 14 years using the
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