Excel city has $1,000,000 of 8%, 10 year general obligation bonds outstanding. the bonds were issued on october 1, 20x8 to finance construction of city park improvements. interest is payable semiannually on october 1 and april 1. the bonds also require an annual principal payment of $100,000 each april 1. what amount of debt service expenditures should the government report in its debt service fund for the year ended december 31, 20x9?

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding