Acompany issued 10-year, 7% bonds with a par value of $100,000. the company received $96,526 for the bonds. using the straight-line method, the amount of interest expense for the first semiannual interest period is:

The amount of interest expense for the first semiannual interest period shall be calculated with the help of following formula:

Semiannual interest expense = Semiannual interest payment + Semiannual amortization of discount on issue of bonds

Semiannual interest payment = Bond's Face value * Interets Rate / 2

Semiannual interest payment = 100000*7% / 2 = $3,500

Semiannual amortization of discount on issue of bonds = (Face value - Issue price )/ number of seminnaul periods

Semiannual amortization of discount on issue of bonds = (100000-96526)/20 = $173.70

Hence, Semiannual interest expense = Semiannual interest payment + Semiannual amortization of discount on issue of bonds

Semiannual interest expense = 3500+173.70 = $3,673.70

i would say a certificate of deposit, so you're not locked into a long term, and it has more security than a mutual fund.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.