Chris Anderson Company sells 8% bonds having a maturity value of $2,180,000 for $2,014,720.00. The bonds are dated January 1, 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. (a) Your answer is correct. Determine the effective-interest rate. (Round present value factor to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 18%.) The effective-interest rate Textbook and Media. 10 % Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 38,548.25.) Year Jan. 1, $ 2025 Dec. 31, 2025 Dec. 31, 2026 Dec. 31, 2027 Dec. 31, 2028 Dec. 31, 2029 Cash Paid $ Schedule of Discount Amortization Effective-Interest Method Interest Expense $ Discount Amortized $ Carrying Value of Bon