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On January 1, 2018, Darnell Window and Pane issued $19.8 million of 10-year, zero-coupon bonds for $7,633,757. (FV of $1, PV of $1, FVA of

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On January 1, 2018, Darnell Window and Pane issued $19.8 million of 10-year, zero-coupon bonds for $7,633,757. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required 2. Determine the effective rate of interest. 1. & 3. to 5. Prepare the necessary journal entries. Complete this question by entering your answers in the tabs below. General Journal Interest rate Determine the effective rate of interest. nterest rate

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