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A company issued 5-year bonds with a par value of $100,000. The company received $97,947 for the bonds. Using the straight-line method, the amount of interest expense for the frist semiannual interest period is: I got $ 32,947 by 35,000+2,053. I have a few others like this.. it is not...
Situation: Total Principal: 3,000,000.00 200,000.00 in 15 monthly equal installment at 10% First (#1) due date is 7/5/08 until last (#15) due date is 9/5/09 #1 - 7/5/08 - 200,000.00, interest -25,095.89 - 458 days #2 - 8/5/08 - 200,000.00 23,452.05 - 428 days #3 - 9/5/08 -...
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How is straight line interest calculated and payments applied?
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