Question
Given the following information from an amortization table, compute the interest expense, discount amortization, and the carrying value for the next line of the table,
Given the following information from an amortization table, compute the interest expense, discount amortization, and the carrying value for the next line of the table, rounding your answer to the nearest dollar:
6% Cash Interest | 7% Effective Interest | Discount Amortization | Carrying Value |
$42,000 | $46,991 | $4,991 | $676,288 |
Interest Expense $46,991; Discount Amortization $4,991; Carrying Value $671,297
Interest Expense $47,340; Discount Amortization $5,340; Carrying Value $681,628
Interest Expense $47,340; Discount Amortization $4,991; Carrying Value $671,297
Interest Expense $46,991; Discount Amortization $4,991; Carrying Value $676,288
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