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com/hm.tpx? 0.1618154522566162 1517356486468 14 Problems (Algortthmic) Question 1 (of η value: 1.50 points On January 1, 2016, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below Effective Increase in Outstandi Balance Cash Balance 6,047,387 Interest 302,369 302,888 303,432 304,004 304,604 305,234 10,369 292,000 292,000 292,000 292,000 292,000 292,000 0,888 6,068.644 11,432 12,004 12,604 6,080,076 6,092,080 6,104,684 13,234 6,117,918 63,060 7,164,267 66,213 69,520 292,000 355,060 38 39 40 292,000 358,213 292,000 361,520 7,230,480 7,300,000 Required: 1. What is the face amount of the bonds? Face amount 2. What is the initial selling price of the bonds? Inital seling price
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Solution: Answer: Explanation 1) 2) 3) 4) Face amount (given at last line) Initial selling price (given at first line) Term (

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