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On January 1, 2021, White Water issues $480,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming

On January 1, 2021, White Water issues $480,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $539,819.

Complete the first three rows of an amortization schedule

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