Current Attempt In Progress Windsor Company sells 8% bonds having a maturity value of $3,170,000 for $2.929,660. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. (5) Your answer is correct. Determine the effective interest rate. (Round onswer to O decimal places, eg 10%) The effective-interest rate 10 N eTextbook and Media hp Attempts unlimited Feb 10 test & O Interest Schedule of Discount Amortization Effective-Interest Method Interest Year Payable Expense Jan. 2. 2020 Dec. 31. 2020 Dec 31. 2021 240040 Discount Amortized 31933 $ 240340 23390 240140 MEN Dec. 31 240345 MIN 2022 Carry Amount c UU Feb10 MHAO Dec. 31. 240340 34874 2021 Dec 31, 240340 36396 2022 Dec. 31 240040 37961 2023 Dec 240340 31. 2024 eTextbook and Media M hp Attempts unlimited Submit Awer Feb 10 1056 A 0 Schedule of Discount Amortization Effective-Interest Method Interest Interest Payable Expense Discount Amortized Carrying Amount of Bonds