Joseph Moore Company sells 10% bonds having a maturity value of $2,025,000 for $1,879,014,00. The bonds are dated January 1 , 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. (a) Youranswer is incorrect. Determine the effective-interest rate. (Round present value factor to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 18\%.) The effective-interest rate % Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.8. 1.25124 and final answer to 2 decimal places, e.8. 38,548.25.)