Present value of 1 for 20 periods at 6 % . 312
Present value of annuity for 10 periods at 10 % 6.145
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
3 ) Calculate the issue price of the bonds .
Issue price of bond
4 ) Without prejudice to your solution in part ( a ), assume that the issue price was $ 2,652,000 . Prepare the amortization table