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CUMULATIVE INTEREST EXPENSE (MOCK 3 Morning , q65 )
MINING issued 5year $50 million face , 6% semiannual bond market interest rate 7% what is PV at begining and what is cumulative interest expense to the end of first half of year 2
answer is PV =47,920,849,
and cumulative interest expense : 5,051,494
I can not get that cumulative interest expense ? any one help ? |
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发表于 2013-4-6 21:40
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