On January 1, Ozero, Inc. issued a 20-year monthly bond with a face value of $1,285,000 that pays 4.0% interest. On the date of issue, the market for similar bonds was 5.0%. How much was Ozero able to raise from issuing this bond? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute the amount that Ozero was able to raise by issuing this bond. Time Value of Money (TVM) Framework 4% ✔ PMT -51400 ✓ -4283.33 C 1 12 3 n 20 3 240 3 i 5% ✔ 0.417% PV ? ♥ FV -1285000 type 0 CPT

On January 1, Ozero, Inc. issued a 20-year monthly bond with a face value of $1,285,000 that pays 4.0% interest. On the date of issue, the market for similar bonds was 5.0%. How much was Ozero able to raise from issuing this bond? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute the amount that Ozero was able to raise by issuing this bond. Time Value of Money (TVM) Framework 4% ✔ PMT -51400 ✓ -4283.33 C 1 12 3 n 20 3 240 3 i 5% ✔ 0.417% PV ? ♥ FV -1285000 type 0 CPT

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EA: Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the...

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