Homework Answers
1) Austin received = (2400000*102.3/100) = 2455200
2) At maturitym Austin musy pay back = 2400000
3) Austin will pay interest of $ (2400000*5%*6/12) = 60000 each six months
4) Austin will report $ (60000-5520) = $54480 of interest expense each six months
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please help. show work please
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please help. show work please
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