The main question is number 9 but still don't know question 10.
Homework Answers
1.
| Year | Cash flow | Present Value @ I = 8%/2 = 4% | Discounted Cash flows |
| 1-20 | 100,000×10%/2 = 5,000 | 13.5903 | 67,952 |
| 20 | 100,000 | 0.4564 | 45,640 |
| PV of Investment or issue price | 113,592 |
2.
The entry for interest receipt:
| Cash Dr (100,000×10%/2) | 5,000 | |
| To Investment in Bonds (15000/20) | 750 | |
| To Interest Income | 4,250 |
Hence impact on interest income => ( 750 - (13592/20) => $ 70.4
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The main question is number 9 but still don't know question 10.
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