Coney Island Entertainment issues $1,300,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

The market interest rate is 7% and the bonds issue at a discount. (FV of $1. PV of $1. FVA of $1. and PVA of $1)(Use appropriate factor(s) from the table provided. Do not round interest rate factors.)