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On 1/1/01, The Silence, LLC has issued a $1M, 3%, 20-year Bond. The Market requires a 5% return for similar investments. Prepare the amortization schedule
On 1/1/01, The Silence, LLC has issued a $1M, 3%, 20-year Bond. The Market requires a 5% return for similar investments. Prepare the amortization schedule for The Silence. Prepare the Journal Entry for the issuance, the 3rd installment payment, and the retirement.
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