Present value of annuity for 10 periods at 12 % 5.650
Present value of annuity for 20 periods at 5 % 12.462
Present value of annuity for 20 periods at 6 % 11.470
2 ) Without prejudice to your solution in part ( a ), assume that the issue price was $ 2,652,000 . Prepare the amortization table for 2015 , assuming that amortization is recorded on interest payment dates using the effective-interest method .
3 ) The following information pertains to Parsons Co .:
Preferred stock , cumulative :
Par value per share $ 100