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Calculations Marketing Inc. issued 1 1 . 0 % bonds with a par value of $ 5 4 0 , 0 0 0 and a

Calculations Marketing Inc. issued 11.0% bonds with a par value of $540,000 and a five-year life on January 1,2020, for $605,699. The bonds pay interest on June 30 and December 31. The market interest rate was 8% on the original issue date. Use TABLE 14A.1 and TABLE 14A.2.(Use appropriate factor(s) from the tables provided.) Use the original market interest rate to calculate the present value of the remaining cash flows for these bonds as of December 31,2022. Compare your answer with the amount shown on the amortization table as the balance for that date. answer this question. thanks
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