Richmond Company issues bonds with a face value of $500,000 that pay 6% interest semiannually and mature in 10 years.Calculate the price of the bond if the market interest rate is 6%. N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Calculate the price of the bond if the market interest rate is 4%. N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Calculate the price of the bond if the market interest rate is 8%. N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) =nx%S
Attachment:- SLA #10 (1)(1).xlsx