On April 1, 2019 SanaPerfect Co. purchased 9%, 3-year, P3,000,000 face value serial bonds at a price that will vield an effective rate of 7.6%. P1,000,000 face value bonds mature every Apr. 1 starting Apr. 1, 2020. Interest is payable every April 1 and October 1. (Use continuous factors and round off all computations to the nearest peso.) 1. What is the total present value of the bonds on April 1, 2019?

On April 1, 2019 SanaPerfect Co. purchased 9%, 3-year, P3,000,000 face value serial bonds at a price that will vield an effective rate of 7.6%. P1,000,000 face value bonds mature every Apr. 1 starting Apr. 1, 2020. Interest is payable every April 1 and October 1. (Use continuous factors and round off all computations to the nearest peso.) 1. What is the total present value of the bonds on April 1, 2019?

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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