Title: Amortization Table Preparation for Oak Branch Inc. BondsText:Oak Branch Inc. issued $900,000 of 5%, 10-year bonds when the market rate was 4%. They received $973,595. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. **Round intermediate and final answers to whole dollar amounts.**Table Headers: - **Cash Interest Payment**- **Interest on Carrying Value**- **Amortization of Premium**- **Carrying Value**Rows (by Date):1. **Jan. 1, Year 1** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value: 2. **June 30, Year 1** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value: 3. **Dec. 31, Year 1** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value: 4. **June 30, Year 2** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value: 5. **Dec. 31, Year 2** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value: 6. **June 30, Year 3** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value: 7. **Dec. 31, Year 3** - Cash Interest Payment: - Interest on Carrying Value: - Amortization of Premium: - Carrying Value:

Bond amortization table is a table prepared by company which shows the amount of interest expenses,…

Answered: Jan. 1, Year 1 June 30, Year 1 Dec. 31,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 8 ABC Corporation invests $60,000 in a Certificate of Deposit (CD) paying annual interest of 2.5 percent. The company's Sept. 30 balance sheet shows an Interest Receivable asset of $625 related to this CD. How many months earlier did the company purchase (invest in) the CD? O a. 6 months O b.3 months O c. 4 months O d. 5 months
Question Content Area If $310,000 of 7% bonds are issued at 97, the amount of cash received from the sale is a.$331,700 b.$300,700 c.$310,000 d.$288,300
This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $120 000.00 $119 746.95 $119 492.58 $119 236.90 $1735.38 $869.43 $1.01 1 $874.94$621.89 $253.05 2 $874.94$620.58 $254.36 3 $874.94$619.26 $255.68 $874.94 $13.46 $861.48 $874.94 $874.94 238 $8.99 $865.95 $4.51 $870.43 239 240 What is the total interest paid over the life of the mortgage?
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fond the periodic deposit and intrest earned. C Future compounding time periodic interest in Value r frequency deposit (m) earned years $ $ $25,000 7.9% annually 11 $ $250,000 3% semiannually 13 $ $ $ $125,000 2.2% quarterly 15 $ $ $150,000 6.2% monthly 7 $ $ $125,000 4% weekly 15
Ef 591.
Number of Years for the Loan Annual Interest 3 10 20 30 Rate 4% $29.53 $22.58 $10.12 $6.06 $4.77 5% 29.97 23.03 10.61 6.60 5.37 6% 30.42 23.49 11.10 7.16 6.00 8% 31.34 24.41 12.13 8.36 7.34 10% 32.27 25.36 13.22 9.65 8.78 12% 33.21 26.33 14.35 11.01 10.29 A borrower took out a mortgage loan for 20 years in the amount of $95,000 with an annual interest rate of 12%. a. Use the table of monthly payments on $1,000 loan, to find the monthly payment for this mortgage. $ b. Find the total interest paid on the loan. $
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Jan. 1, Year 1 June 30, Year 1 Dec. 31, Year 1 June 30, Year 2 Dec. 31, Year 2 June 30, Year 3 Dec. 31, Year 3 Cash Interest Payment 00000 Interest on Carrying Value Amortization of Premium Carrying Value