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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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