If the market interest rate is 5%, the bonds will issue at $485,076. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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If the market interest rate is 
5
%
,
 the bonds will issue at $
485
,
076
.
 Record the bond issue on January 
1
,
 2024
,
 and the first two semiannual interest payments on June 
30
,
 2024
,
 and December 
31
,
 2024
.

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