1.Assume that on 1/01/2018 Bieber Corp issues 4-year bonds with a face value of $8 mil and a coupon interest rate of 5% with interest payable annually on 12/31 and maturing on 12/31/2021 (both current interest and principle will be repaid on that date).

Calculate a amortization tables for each part assuming that:

A.the market rate at issuance was 6%,

B.the market rate at issuance was 4%

Please show all work so I can see where I went wrong on my calculations.