A $700,000, 20-year, 8% bond issue was sold to yield 10%. Interest was payable annually. Actuarial information for 20 periods follows: Required:
Compute the amount of cash that was received when the bonds were issued.

Question

A $700,000, 20-year, 8% bond issue was sold to yield 10%. Interest was payable annually. Actuarial information for 20 periods follows:  Required:
Compute the amount of cash that was received when the bonds were issued.

Quizplus · Accepted Answer

The Answer of A $700,000, 20-year, 8% bond issue was sold to yield 10%. Interest was payable annually. Actuarial information for 20 periods follows:  Required:
Compute the amount of cash that was received when the bonds were issued.

A $700,000, 20-Year, 8% Bond Issue Was Sold to Yield