Compute the total cash interest payments

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Question - The note about debt included in the financial statements of Healdsburg Company for the year ended December 31, 2015 disclosed the following:

Debt. The following table summarizes the long-term debt of the Company at December 31, 2015. All of the notes were issued at their face (maturity) value.

7.50% notes due 2016

$ 205,400,000

8.00% notes due 2023

$ 349,200,000

8.25% notes due 2030

$ 230,000,000

7.88% notes due 2038

$ 205,000,000

6.80% notes due 2017

$   25,500,000

Assuming that the notes pay interest annually and mature on December 31 of the respective years. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required: Compute the total cash interest payments in 2016 for these notes?

Reference no: EM132071295

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