Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 22 lopez plastics issued bonds on january 1, 2016.

22 Lopez Plastics issued bonds on January 1, 2016. The face value of the bonds...

70.2K

Verified Solution

Question

Accounting

image
22 Lopez Plastics issued bonds on January 1, 2016. The face value of the bonds is $200,000. The bonds sold for $207,020 Cash paid with each payment is 2000 Interest expense is 56.211 rounded to nearest dollar) from the first payment. Lopez uses the effective interest method of amortization. What is the annual efective rate of interest? b. 3.5 c.6 3.74 e none of the above 22 Lopez Plastics issued bonds on January 1, 2016. The face value of the bonds is $200,000. The bonds sold for $207,020 Cash paid with each payment is 2000 Interest expense is 56.211 rounded to nearest dollar) from the first payment. Lopez uses the effective interest method of amortization. What is the annual efective rate of interest? b. 3.5 c.6 3.74 e none of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a double-slit experiment, light with a wavelength λ passes through a double-slit and forms an...

Physics
Q

Describe at least five (5) ways in which biology influences human behavior.

Psychology
Q

Given is a population of wolves (W) and rabbits (R). R[t+1] = R[t]+ g*R[t] * (1...

Advance Math
Q

11. Determine the p-value given the stated hypothesis and the test statistic value (Z) Ho:?= 300...

Basic Math
Q

In figure current in the wire between a and b is neglect any resistance of...

Physics
Q

Write a in the form a a T aNN at the given value of t...

Basic Math
Q

TRUE/FALSE Age is a sub segment of demographic segmentation

Accounting
Q

On January 1, 2012, Smeder Company, an 80% owned subsidiary of Collins, Inc. transferred equipment...

Accounting
Q

In a credit decision involving a foreign currency, the seller of the goods or service:...

Accounting
Q

Farmers cannot keep harvested seed from genetically modified crops, but must purchase them each year...

Accounting
Q

Brooks Clinic is considering investing in new heart-monitoring equipment. It has two options. Option A...

Accounting
Q

A ________ is written between a firm and a bank and it fixes the currency...

Finance