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Discuss what is Accounting and why is it important? Be sure to include the different types of users of Accounting and their need for accounting.
What is GAAP and why is it important?
Please provide references if used in the answer.
Accounting Basics, Accounting
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Question - A bond has a 7% coupon and pays interest semi-annually. What is the amount of each interest payment if the face value of a bond is $1,000?
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Question - Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $ 115 every three months for six years if rounded to the nearest cent?
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