Calculated total bond issue balance

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Jiggy Jams Incorporated is financing the expansion of its music retail stores by issuing 5 year, $8,250,000(Face Value), 6% Bonds. The Bonds are issued on June 30, 2012, at the time of issuance the market rate of interest was 8%. Interest payments on the bonds are payable every 6 months beginning on December 31, 2012.

Problem 1: Calculated Total Bond Issue Balance

Reference no: EM132910408

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