Calvino ltd issued $5000000 of 6% bonds at a price effective yield 8%, the bonds are due on january 1,2029 . Interest is payable annually on January 1. The effective-interest method of amortization is to be used. You can round to the nearest dollar. A. Prove that the amount received for the bonds is correct. You can use the present value tables in Appendix G of the text. Not sure how to do this?

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15-06-2024
Business

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Calvino ltd issued $5000000 of 6% bonds at a price effective yield 8%, the bonds are due on january 1,2029 . Interest is payable annually on January 1. The effective-interest method of amortization is to be used. You can round to the nearest dollar. A. Prove that the amount received for the bonds is correct. You can use the present value tables in Appendix G of the text. Not sure how to do this?

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