On March 2,2016,20-Year,6 Percent,general Obligation Serial Bonds Were Issued at the Face

question 10

Multiple Choice

On March 2,2016,20-year,6 percent,general obligation serial bonds were issued at the face amount of $3,000,000.Interest of 6 percent per annum is due semiannually on March 1 and September 1.The first payment of $150,000 for redemption of principal is due on March 1,2017.Fiscal year-end occurs on December 31. What is the interest expenditure for the fiscal year ending December 31,2016?

• A) $90,000.
• B) $135,000.
• C) $150,000.
• D) None of the above.

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Definitions:

F-Test

An F-test is a type of statistical test that compares the variances of two populations to determine if they are significantly different from each other.

Randomized Block Design

Randomized block design is a statistical experiment design that aims to reduce variation by grouping similar experimental units into blocks before randomly assigning treatments within blocks.

Total SS

The total sum of squares, a measure of the total variation in a dataset.

SST

Sum of Squares Total (SST) refers to the total variance in a set of observations, measuring the overall deviation of individual cases from the mean.