Use the Present Value and Future Value Tables Included in Appendix

question 10

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-Riverview County issued a $500,000, 10 percent, 10-year bond on January 1, 2012, for 113.6 when the effective interest rate was 8 percent. Interest is payable on June 30 and December 31. Riverview uses the effective-interest method to amortize all premiums and discounts. How much premium or discount should be amortized on June 30, 2012?

• A) $2,790
• B) $2,280
• C) $2,000
• D) $1,970

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Definitions:

Acid-Base Impairment

A disturbance in the balance between acids and bases in the body, which can affect the function of various organs and processes.

Hydrogen

A colorless, odorless, and highly flammable gas that is the lightest and most abundant element in the universe.

Magnesium

A chemical element and mineral essential for various bodily functions, including nerve transmission, muscle contraction, and bone development.

Sodium-Containing

Referring to substances or foods that include sodium, an essential mineral that has various functions in the body but can be harmful in excess.