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On January 1, 2013, a corporation issued $500,000, 6% 5 year bonds for $459,464. The bonds pay interest semi-annually on June 30 and December 31.
On January 1, 2013, a corporation issued $500,000, 6% 5 year bonds for $459,464. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 8%. Draw a table to prepare a bond amortization schedule and answer the following question. (Round your answers to the nearest dollar) Carrying Value of the bond after the third interest payment is made on June 30, 2014? $470,011 O $449,728 O $423,442 $429,464 $496,957
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