Copy of Bond-discount - $94,253,362.08 13 $7,540,268.97...

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Period Int. Exp Cash Paid Increase or Decrease Bond Balance 0 $- $- $- $90,181,853.00 1 $7,214,548.24 $7,000,000.00 $214,548.24 $90,396,401.24 2 $7,231,712.10 $7,000,000.00 $231,712.10 $90,628,113.34 3 $7,250,249.07 $7,000,000.00 $250,249.07 $90,878,362.41 4 $7,270,268.99 $7,000,000.00 $270,268.99 $91,148,631.40 5 $7,291,890.51 $7,000,000.00 $291,890.51 $91,440,521.91 6 $7,315,241.75 $7,000,000.00 $315,241.75 $91,755,763.66 7 $7,340,461.09 $7,000,000.00 $340,461.09 $92,096,224.76 8 $7,367,697.98 $7,000,000.00 $367,697.98 $92,463,922.74 9 $7,397,113.82 $7,000,000.00 $397,113.82 $92,861,036.56 10 $7,428,882.92 $7,000,000.00 $428,882.92 $93,289,919.48 11 $7,463,193.56 $7,000,000.00 $463,193.56 $93,753,113.04 12 $7,500,249.04 $7,000,000.00 $500,249.04
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Unformatted text preview: $94,253,362.08 13 $7,540,268.97 $7,000,000.00 $540,268.97 $94,793,631.05 14 $7,583,490.48 $7,000,000.00 $583,490.48 $95,377,121.53 15 $7,630,169.72 $7,000,000.00 $630,169.72 $96,007,291.26 16 $7,680,583.30 $7,000,000.00 $680,583.30 $96,687,874.56 17 $7,735,029.96 $7,000,000.00 $735,029.96 $97,422,904.52 18 $7,793,832.36 $7,000,000.00 $793,832.36 $98,216,736.88 19 $7,857,338.95 $7,000,000.00 $857,338.95 $99,074,075.83 20 $7,925,926.07 $7,000,000.00 $925,926.07 $100,000,001.90 Total $149,818,148.90 $140,000,000.00 Face Amount $100,000,000.00 Face Rate 7% Int. Paid annually Term 20 years Yield Rate 8% issue price $90,181,853.00 Total Paid $240,000,000.00 Borrowed $90,181,853.00 Total Interest $149,818,147.00...
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This note was uploaded on 03/29/2011 for the course ACC 311 taught by Professor Debruine during the Winter '08 term at Grand Valley State University.

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