Prepare complete repayment schedule for this issue

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A serial bond issue of $20,000 is offered on May 1, 2015 paying 6% annually. Face value of the bonds is $500 each, and matures in 5 years. Prepare a complete repayment schedule for this issue (rounding all value to the nearest dollar). Show appropriate column sums to verify results. (17) What would an investor pay if he or she planned to buy one of these bonds on May 1, 2017, seeking an 8% return on investment? (5) What would be the price on October 1, 2017?

Reference no: EM131563108

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