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On January 1, 2020, Bramble Corporation issued $847,000 of 8% bonds that are due in 10 years. The bonds were issued for $907,189 and pay

On January 1, 2020, Bramble Corporation issued $847,000 of 8% bonds that are due in 10 years. The bonds were issued for $907,189 and pay interest each July 1 and January 1. The company uses the effective interest method. Assume an effective rate of 7%.

Prepare the first five payments of an effective interest amortization table for the bonds.

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