12A. On December 31, 2018, when the market interest rate is 16%, Carter Corporation issues...
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12A. On December 31, 2018, when the market interest rate is 16%, Carter Corporation issues $150,000 of 6%, 14-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Click the icon to view Present Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Value Factor = X PV of principal X Now calculate the present value of the stated interest. (Enter factor amounts to three decimal places, X.XXX.) Value Semiannual interest rate Factor = PV of stated interest % )x Finally, calculate the present value of bonds payable
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