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On January 1, 2024, Coney Island Entertainment issues $1,600,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December

On January 1, 2024, Coney Island Entertainment issues $1,600,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assume that the market interest rate is 8% and the bonds issue at a discount. 2a. Calculate the issue price of a bond. 2b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1)

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