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Evermaster Corporation issued $100,000 of 8% term bonds on January 1, 2017, due on January 1, 2022, with interest payable each July 1 and January

Evermaster Corporation issued $100,000 of 8% term bonds on January 1, 2017, due on January 1, 2022, with interest payable each July 1 and January 1. Investors require an effective-interest rate of 6%.

Perform the following:

Calculate the bond proceeds.

Calculate the premium

Prepare the premium amortization schedule in Excel

Straight Line MethodEffective Interest Method Difference between each method

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