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+ 1. Assume that on January 1, Minka Corp issues $100,000 of 3-year, 8% coupon bonds payable, yielding an effective annual interest rate of 6%.

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+ 1. Assume that on January 1, Minka Corp issues $100,000 of 3-year, 8% coupon bonds payable, yielding an effective annual interest rate of 6%. Interest is payable annually on December 31. Prepare an amortization table for the bonds for the three years. 0 1 2 3 Total Interest Expense Coupon Interest Premium Amortization Premium Balance Bond Payable, Net

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