On January 1, 2018, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:

EffectiveIncrease in Outstandind Cash PaymentInterest Balance 6,576,993 6,594,073 6,611,836 6,630,309 6,649,521 6,669,502 6,690,282 Payment Balance 246,000 246,000 246,000 246,000 246,000 246,000 263,080 263,763 264,47.3 265,212 265,981 266,780 17,080 17,763 18,473 19,212 19,981 20,780 2 3 4 38 39 40 246,000 246,000 246,000 318,898 321,814 324,842 72,898 75,814 78,842 8,045,344 8,121,158 8,200,000