Readiness Bookmarks Walker Percys \"The L M housing-gabriellebc https/labercormt

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Readiness Bookmarks Walker Percys "The L M housing-gabriellebc https/labercormterra M Braalian Hair Bundle art Times 02127 PM/ Remaining: 115 min CALCULATOR MESSAGE P Question 1 On January 1, 2017, Sunland Company issued eight-year bonds with a face value of $6500000 and a stated interest a The bonds were sold to yield 8%. Table values are: ters Present value of 1 for 8 periods at 6% Present value of 1 for 8 periods at 8% Present value of 1 for 16 periods at 3% Present value of 1 for 16 periods at 4% Present value of annuity for 8 periods at 6% Present value of annuity for 8 periods at 8% Present value of annuity for 16 periods at 3% Present value of annuity for 16 periods at 4% 0.627 0.540 0.623 0.534 6.210 5.747 12.561 11.652 The present value of the interest is $2421900. $2241330 $2449395. $2272140 ement 1 Privngx Polie l 387233475-c..pot9780387233475-c2pdf Type here to search O a 5 6 7 8

Explanation / Answer

Calculate Present value of interest

Present value of interest = 6500000*3%*11.652 = 2272140

so answer is d) 2272140

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