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On January 1 , Splash City issues $ 4 8 0 , 0 0 0 of 6 % bonds, due in 1 5 years, with
On January Splash City issues $ of bonds, due in years, with interest payable
semiannually on June and December each year. T Bone Investment Company TBIC purchases all
of the bonds in a private placement.
Assuming the market interest rate on the issue date is TBIC will purchase the bonds for $
Required:
Complete the first three rows of an amortization table for TBIC. Round your answers to the nearest whole number.
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