Business
Business, 25.02.2020 19:56, YariDelOrbeez115

Sunland Company sells 8% bonds having a maturity value of $2,180,000 for $2,014,720. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e. g. 18%.) The effective-interest rate

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Sunland Company sells 8% bonds having a maturity value of $2,180,000 for $2,014,720. The bonds are d...

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