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On January 1 , 2 0 2 4 , White Water issues $ 4 5 0 , 0 0 0 of 6 % bonds, due
On January White Water issues $ of bonds, due in years, with interest payable annually on December each year.
Assuming the market interest rate on the issue date is the bonds will issue at $
Exercise Algo Part
Required:
Complete the first three rows of an amortization schedule. Hint: Use Illustration except the dates for the first three rows will be and since interest is payable annually rather than semiannually. Interest expense for the period ended December is calculated as the carrying value of $ times the market rate of Round your final answers to the nearest whole dollar.
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