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b. Using the effective Interest method, prepare an amortization schedule (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar. Enter
b. Using the effective Interest method, prepare an amortization schedule (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Answer is complete but not entirely correct. Porod Period Interest Expense Paid Premium Amort Unamortized Premium Carrying Value 83.740 Oct 1/20 Oct 1/21 Oct 1/22 Oct 123 Oct 1/24 105.000 105.000 105.000 105.000 105.000 9.976 10.574 11.200 11601 05.024 94.420 20.701 03.110 92.406 01.650 00 343 $ 651,250 73.784 03.190 51.082 40.101 27.507 X 14.157 S 1.583,740 1.573,784 1.563 190 1.551.882 1.540.101 1,527.507 1,514.157 1.500.000 OOOOOOO Oct 125 12.304 Oct 1.20 105 000 Oct 127 Totals 105.000 15 735.000 13.350 14.157 83.741 0 s On October 1, 2020, Ross Wind Energy Inc issued a $1,500,000, 7%, seven-year bond. Interest is to be paid annually each October 1. Assume a November 30 year-end. (Use TABLE 14A1 and TABLE 14A 2). (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the hand
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