Finance

A company requires the amount of $1,000,000 in 25 years to retire a bond issue. Assume they can earn 5 3/4% interest compounded daily. What amount would they have to pay quarterly to be able to retire this debt in 25 years?

  1. 👍 0
  2. 👎 0
  3. 👁 160
asked by ashley

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    A company requires the amount of $645,000 in 15 years to retire a bond issue. Assume they can earn 4 1/2 % interest compounded daily. What amount would they have to pay quarterly to be able to retire this debt in 15 years?

    asked by meme on December 12, 2010
  2. accounting

    You issue a $120,000 bond at par on March 31 due in 10 years that pays 11%. You pay interest on September 30. You pay off the bond ten years later. Assume that the company makes no adjusting entries. What journal entries should be

    asked by Kimmie on December 8, 2012
  3. Math

    Tri-Star Airlines intends to pay off a $20,000,000 bond issue that comes due in 4 years. How much must the company set aside now, at 6 % interest compounded quarterly, to accumulate the required amount of money?

    asked by Heyhi on May 10, 2018
  4. Finance

    YNB Ltd. acquired Pty Ltd. 10 years ago. In order to fund this acquisition, YNB Ltd issued a bond. Currently it has an outstanding amount of $50,000,000 with maturity in 2 years. The bond has a coupon rate of 5% (payable

    asked by Mounir on October 2, 2015
  5. Future Value/Present Value Problems

    A) Serene Williams Corporation having recently issued a 20 million, 15 year bond issue, is committed to malke annual sinking fund deposits of 600,000. The deposits are made on last day of eac year and yield a return of 10%. Will

    asked by Peter on February 25, 2009
  6. Accounting

    1. The price of a bond is equal to the sum of the interest payments and the face amount of the bonds. 1. True 2. False 2. When a corporation issues bonds, it executes a contract with the bondholders, known as a bond debenture. 1.

    asked by Tasha on July 25, 2010
  7. accounting

    These questions are so confusing. So I was wondering what are each of the formulas to solve each question or what steps I need to take to complete them? I've been trying and I can't find the correct answer. ____ 11. The Dayton

    asked by Mickey on February 22, 2010
  8. finance

    (Bond valuation) Eagle Ventures has a bond issue outstanding with an annual coupon rate of 7 percent and 4 years remaining until maturity. The par value of the bond is $1,000. (a) Determine the current value of the bond if present

    asked by valerie on March 8, 2013
  9. survey of accounting

    1. A corporation issues $18,000,000 of 6% bonds to yield an effective interest rate of 7%. a) was the amount of cash received from the sale of the bonds more or less than $18,000,000? b) identify the following amounts related to

    asked by ravi on March 8, 2010
  10. finance

    1. Yest Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bond’s price? 2. A 20-year, $1,000 par

    asked by hannah on October 13, 2013

More Similar Questions