By Admin on Aug 31, 2009 in Personal Finance

amortization
Benjamin asked:


using the straight-line method of amortization, what is the bond interest expense if the following: Bond was issued $10,000 12% 5-yr bond on January 1, 20X7 for $9,230. Interest is paid semi-annually…i need to know how to do this!

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1 Comment(s)

  1. PV ifa ( 1 – 1 / 1 + i)n i
    9,230.00 X 3.605%

    ernesthinton | Sep 1, 2009 | Reply

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