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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
(Learning Objective 6: Calculate the present value of a bond investment) Itaska Corp. purchased 20 $1,000 4% bonds of Citigroup when the market rate of interest was 3%. Interest is paid semiannually, and the bonds will mature in five years. Using the PV function in Excel, compute the price Itaska paid (the present value) for the bond investment.
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