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On January 1, 2018, Splash City issues $410,000 of 9% bonds due in 20 years, with interest payable semiannually on June 30 and December 3
On January 1, 2018, Splash City issues $410,000 of 9% bonds due in 20 years, with interest payable semiannually on June 30 and December 3 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $374,826 value 2.50 points Required: 1. Complete the first three rows of an amortization table. Cash Paid Interest Increase in Carrying Date ExpenseValue Value 6/30/18 12/31/18
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