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Given the following information from an amortization table, compute the effective interest expense (x and the carrying value (Y) forthe next line of the table:
Given the following information from an amortization table, compute the effective interest expense (x and the carrying value (Y) forthe next line of the table: 2% Cash Premium Amortization Time 1% Effective Carrying Value Period Interest Interest 8E0 419 381 41,561 A Effective Interest $423; Carrying Value $41,942 B. Effective Interest $A08; Carrying Value $40,397 C Effective Interest $412; Carrying Value $40,789 D. Effective Interest $416; Carrying Value $41,177
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