Ike issues $110,000 of 9%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $112,881 when the market rate is 8%. Prepare an effective interest amortization table for the bonds' first two years.

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01-07-2024
Business

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Ike issues $110,000 of 9%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $112,881 when the market rate is 8%. Prepare an effective interest amortization table for the bonds' first two years.

Sagot :

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