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Mos Motor Corp. issued $430,000 of 4%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April

Mos Motor Corp. issued $430,000 of 4%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April 1, 2023, immediately after making and recording the semi-annual interest payment, Mos redeemed the bonds. Below is a partial amortization schedule for the first few years of the bond issue.

What is the bonds face value?

Mo's Motor Corp. Bond Discount Amortization Schedule
Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost
01-Apr. 2021 $411,183.06
01-Oct. 2021 $8,600.00 $10,279.58 $1,679.58 412,862.64
01-Apr. 2022 8,600.00 10,321.57 1,721.57 414,584.21
01-Oct. 2022 8,600.00 10,364.61 1,764.61 416,348.82
01-Apr. 2023 8,600.00 10,408.72 1,808.72

418,157.54

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