How much cash in a dollar amount would you want to recieve

Assignment Help Accounting Basics

Reference no: EM13567929

Assume you are rational and you tun a business. Your interest rate is 6%
How much cash (in a dollar amount) would you want to recieve now in a fair exchange if you are required to pay $40 a year for 5 years and then and additional $1000 at the end of year 5
n= i= I/Yr= P/Yr= PV= FV= PMT=

Journal Entries

The very first entry:
The entry at the end of Year 1:
The entry at the end of Year 2:

FInal Journal Entries

Assume there is one final journal entry when the Bond Matures. Completely and correctly represent it:
What is the ending balance in the bond payable account after you make this entry?

Reference no: EM13567929

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