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Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the table 2%
Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the table 2% Cash Interest $800 1% Effective Interest $412 Premium Amortization $789 Carrying Value $38,840 O A. Effective Interest $388; Carrying Value $39,252 O B. Effective Interest $412: Carrying Value $39,252 O C. Effective Interest $388; Carrying Value $38,428 O D. Effective Interest $412; Carrying Value $38,428
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