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The note about debt included in the financial statements of Healdsburg Company for the year ended December 31,2015 disclosed the following:
Debt.The following table summarizes the long-term debt of the Company at December 31,2015.All of the notes were issued at their face (maturity)value.

Required: Assuming that the notes pay interest annually and mature on December 31 of the respective years,compute the following:
-Suppose that Healdsburg renegotiates the 8% notes on December 31,2021,when the going interest rate is 8%.Healdsburg agrees to make 12 equal annual installments,commencing on December 31,2022,rather than pay the annual interest payments and the $225 million in a lump sum at maturity.What would the annual payments be?

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The note about debt included in the financial statements of Healdsburg Company for the year ended December 31,2015 disclosed the following:
Debt.The following table summarizes the long-term debt of the Company at December 31,2015.All of the notes were issued at their face (maturity)value.
  
Required: Assuming that the notes pay interest annually and mature on December 31 of the respective years,compute the following:
-Suppose that Healdsburg renegotiates the 8% notes on December 31,2021,when the going interest rate is 8%.Healdsburg agrees to make 12 equal annual installments,commencing on December 31,2022,rather than pay the annual interest payments and the $225 million in a lump sum at maturity.What would the annual payments be?

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The note about debt included in the financial statements of Healdsburg Company for the year ended December 31,2015 disclosed the following:
Debt.The following table summarizes the long-term debt of the Company at December 31,2015.All of the notes were issued at their face (maturity)value.
  
Required: Assuming that the notes pay interest annually and mature on December 31 of the respective years,compute the following:
-Suppose that Healdsburg renegotiates the 8% notes on December 31,2021,when the going interest rate is 8%.Healdsburg agrees to make 12 equal annual installments,commencing on December 31,2022,rather than pay the annual interest payments and the $225 million in a lump sum at maturity.What would the annual payments be?

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