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13 ! Part 5 of 9 2 points Required information [The following information applies to the questions displayed below.] On January 1 of this
13 ! Part 5 of 9 2 points Required information [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Book Value January 1, Year 1 $ 48,813 End of Year 1 End of Year 2 $ 3,600 ? $ 3,417 ? $ 183 ? 48,630 48,434 eBook End of Year 3 ? 210 End of Year 4 ? 3,376 ? 48,000 Print References 5. How much cash will be disbursed for interest each period and in total over the life of the bonds? Cash disbursed per period Cash disbursed in total
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