On January 1, 2021, Concord Corp. issued five-year bonds with a face value of $370.000 and a coupon interest rate of 6%, with interest payable semi-annually.Record the proceeds from the sale of the bonds if the market interest rate was 7%. See below for present value tables.(Do not use & signs or commas in your answer. Do not round intermediary calculations. Only round final answers to 2 decimal places ex: 5.25)TABLEPresent Value of $1 PV(n) PeriodsTABLE 2891129T5 VO56Present Value of an Annuity of $1 PV(n) Periods 1%1(1 + i)"2%2.5%3-5%4%4-5%7%8%9%10%1.5%3%6%0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94340 0.93458 0.92593 0.91743 0.909090.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 0.89000 0.87344 0.85734 0.84168 0.826450.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 0.83962 0.81630 0.79383 0.77218 0.751310.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 0.79209 0.76290 0.73503 0.70843 0.683010.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.74726 0.71299 0.68058 0.64993 0.620920.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.70496 0.66634 0.63017 0.59627 0.564470.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.66506 0.62275 0.58349 0.54703 0.513160.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.62741 0.58201 0.54027 0.50187 0.466510.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.59190 0.54393 0-50025 0.46043 0.424100.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.55839 0.50835 0.46319 0.42241 0.3855436bomm1i1.5%6%10%2.5%3%3.5%4.5% 5%7%8%0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94340 0.93458 0.92593 0.91743 0.9099%1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 1.87267 1.85941 1.83339 1.80802 1.78326 1.75911 1.7352.94099 2.91220 2.88388 2.85602 2.82861 2.80164 2.77509 2.74896 2.72325 2.67301 2.62432 2.57710 2.53129 2.4863.90197 3.85438 3.80773 3.76197 3.71710 3.67308 3.62990 3.58753 3.54595 3.46511 3.38721 3.31213 3.23972 3.1694.85343 4.78264 4.71346 4.64583 4.57971 4.51505 4.45182 4-38998 4.32948 4.21236 4.10020 3.99271 3.88965 3.7905-79548 5.69719 5.60143 5-50813 5-41719 5-32855 5-24214 5.15787 5.07569 4.91732 4.-76654 4.62288 4.48592 4-3556.72819 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5-78637 5.582385-38929 5.20637 5.03295 4.8687.65168 7-48593 7-32548 7.17014 7.01969 6.87396 6.73274 6.56589 6.46321 6.20979 5.97130 5.74664 5-53482 5-3348.56602 8.36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.80169 6.51523 6.24689 5.99525 5-7599.47130 9.22218 8.98259 8.75206 8.53020 8.31661 8.11090 7.91272 7.72173 7.36009 7.02358 6.71008 6.41766 6.144

Time value of money :— According to this concept, value of money in present day is greater than the…

Un January 1, 2021, Concord Corp. issued five-year bonds with a face value of $370,000 and a coupon interest rate of 6%, with interest payable semi-annually. Record the proceeds from the sale of the bonds if the market interest rate was 7%. See below for present value tables. (Do not use & signs or commas in your answer. Do not round intermediary calculations. Only round final answers to 2 decimal places ex: 5.25) TABLE

Un January 1, 2021, Concord Corp. issued five-year bonds with a face value of $370,000 and a coupon interest rate of 6%, with interest payable semi-annually. Record the proceeds from the sale of the bonds if the market interest rate was 7%. See below for present value tables. (Do not use & signs or commas in your answer. Do not round intermediary calculations. Only round final answers to 2 decimal places ex: 5.25) TABLE

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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