Bramble Company issued $$970,000$ of $9\%,5-$year bonds at $107.$ Interest is paid annually, and the effective interest method is used for amortization. Assume that the market rate for similar investments is $7\%.$ The bonds are issued on the date of the bonds.

$($a$)$

Your Answer

Correct Answer $($Used$)$

What amount was received for the bonds?

Amount received

$

$($b$)$

Your answer is correct.

How much interest is paid each interest period?

Interest paid $

eTextbook and Media

Assistance Used

eTextbook $1$

eTextbook $2$

Attempts: $2$ of $3$ used

$($c$)$

Your answer is incorrect.

What is the premium amortization for the first interest period?

Premium amortization

$