If the revenue bonds have a maturity of 30 years what is


You are the controller of the International Airport Revenue Fund (IARF). Anchorage International Airport is part of the IARF which wants to construct a new North/South Runway for $65,000,000 of which 90% is funded by the Federal Aviation Administration through a grant, the remainder has to be financed through Revenue Bonds. How much has to be financed through Revenue Bonds (to the nearest $0)? How many actual revenue bonds have to be sold? assume the annual interest rate on the revenue bonds is 4.0% per year. What is the annual debt service of the Revenue Bonds? If the Revenue Bonds have a maturity of 30 years, what is the total debt service over the life of the Revenue Bonds?

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Financial Management: If the revenue bonds have a maturity of 30 years what is
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