CH. 15 5- (b) please solve the ammortization schedule

On January 1, 2024, Crane Ltd. issued bonds with a maturity value of $8.80 million when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2034. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The companys year end is December 31.

Prepare a bond amortization schedule from the date of issue up to and including January 1, 2027. (Round answers to 0 decimal places, e.g. 5,275.)

July 1 and January 1 of each year. The company's year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your answer is correct. Calculate the issue price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 5,275.) Issue price $ eTextbook and Media List of Accounts Attempts: 3 of 5 used