Nash Co. issued bonds with a face value of $120,000 on January 1, 2012. The bonds had a 6 percent stated rate of interest and a five-year term. The bonds were issued at face value.
| (a) |
What total amount of interest will Nash pay in 2012 if bond interest is paid annually each December 31?(Omit the "$" sign in your response.)
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| (b) |
What total amount of interest will Nash pay in 2012 if bond interest is paid semiannually each June 30 and December 31? (Omit the "$" sign in your response.)
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