On January 1, Ozero, Inc. issued a 20-year monthly bond with a face value of $1,285,000 that pays 4.0% interest. On the date of issue, the market for similar bonds was 5.0%. How much was Ozero able to raise from issuing this bond? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute the amount that Ozero was able to raise by issuing this bond. Time Value of Money (TVM) Framework 4% ✔ PMT -51400 ✓ -4283.33 C 1 12 3 n 20 3 240 3 i 5% ✔ 0.417% PV ? ♥ FV -1285000 type 0 CPT
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Dd.89.
Can't figure out this last value in excel or on a calculator. Thank you for the help.
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- Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market rate of 4%. The bonds paid interest semi-annually on June 30 and Dec. 31. How much money did the company receive when the bonds were issued? The bonds would be quoted at what rate?On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,000 for $104,000. The bonds had a stated rate of 6% and paid interest semi-annually. What is the journal entry to record the first payment to the bondholders?On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest payments are paid annually, each interest payment will be ________. A. $120,000 B. $60,000 C. $7,500 D. $15,000
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