Efficient Accountants Co. sells $2,000,000 of 10?-year, 10?% bonds priced to yield 9.6?%.

The bonds are dated and issued on January 1 comma 2023.January 1, 2023. Interest is payable on January 1 and July 1 each year. EfficientEfficient?'s? year-end date is June 30.

Required: prepare an amortization schedule for the bonds through the first two? semi-annual interest periods. ?(Enter the? semi-annual effective interest rate to two decimal? places, X.XX%.)

What is the semi-annual interest rate as a percentage?

%

 

  (Use a financial calculator for any present value computations and round your final answers to the nearest dollar. Record debits first, then credits.