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Northern Autoparts Inc. issued $ 1 0 5 , 0 0 0 of 2 % , five - year bonds at a price of 8
Northern Autoparts Inc. issued $ of fiveyear bonds at a price of on January Note: When the issue price of bonds is provided, as in this case, you do not need to calculate
it yourself; just use the stated price. The market interest rate at the date of issuance was and the standard bonds pay interest semiannually.
Read the requirements.
Requirement Prepare an effectiveinterest amortization table for the bonds through the first three interest payments. Round your answers to the nearest whole dollar.
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