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Determine the maturity value of the certificate

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Question 1 - On December 31, 2016, Alpha Company invested $10,000 in 2 years, certificate with a 4% annual interest rate with semi-annual compounding. Use this information to determine the maturity value of the certificate on December 31, 2018? (Round your answer to the nearest whole dollar.)

Question 2 - On June 30, 2016, Alpha Corporation issued $600,000 of 7%, 10-year bonds at 98½ its semiannual interest date.  Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bond issue after adjusting entries have been made on June 30, 2019? Round your answer to the nearest whole dollar.

Reference no: EM131622037

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