SuperTutor

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    Harvard university
    Feb-1997 - Aug-2003

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    Strayer University
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Category > Accounting Posted 11 Jul 2017 My Price 4.00

ABC Co

5. ABC Co. borrowed $750,000 on January 1, 2010 to purchase new machines. The interest rate of 8% is compounded semiannually to be repaid January 1, 2020. To repay this ABC will start making six equal annual deposits into fund that earns 6% annum on January 1, 2014.

 

Required:

 

What is the amount of the six annual deposits that ABC needs to make?

 

6. Determine the market price of a $2,000,000, nine-year, 9% (pays interest semiannually) bond issue sold to yield an effective interest rate of 10%.

Answers

(15)
Status NEW Posted 11 Jul 2017 08:07 AM My Price 4.00

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file 1499763710-Solutions file.docx preview (51 words )
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