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