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Akers Company sold bonds on July 1, 20x1, with a face value of $100,000. These bonds are due in 10 years. The stated annual i
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Answer #1

Value of bond = PV of principal + PV of interest

= 100,000(PVF@5%,20) + 100,000*6%*6/12(PVAF@5%,20 periods)

=100,000*0.3769 + 3000*12.4622

=37,690 + 37386.6

=$75,076.6

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