What is the net cash received over the life of the bond

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A) Annapolis Company purchased a $5,000, 5%, 7-year bond at 99 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment?

B) Allstar Company signed a $250,000 mortgage on July 1, 2018 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $3,000 at the end of each month. The inerest rate is 8.0% per year. How much interest expense will be paid on August 31, 2018?

Reference no: EM132636536

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