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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) Amount of the cash interest payments made in 2013? $40,000 $30,000 $27,568 $36,757 O $36,893
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