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On 1/1/2011, Ronaldo issued 2 year, 6%, $100,000 bonds. The bonds pay interest on 6/30 and 12/31 of each year. The effective interest rate on
On 1/1/2011, Ronaldo issued 2 year, 6%, $100,000 bonds. The bonds pay interest on
6/30 and 12/31 of each year. The effective interest rate on these bonds at the time of
issuance is 10%. The proceeds from the bond issuance (i.e., the price of the bond at the
time of issuance) equal $92,908. Complete the following amortization table.
Show all
your computations for 6/30/2011
(you can do so on the back of this page),
and be sure
to round to cents
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