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Duval Co. issues four-year bonds with a $108,000 par value on January 1, 2019, at a price of $103,920. The annual contract rate is 6%,
Duval Co. issues four-year bonds with a $108,000 par value on January 1, 2019, at a price of $103,920. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31.
Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.)
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