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Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are
Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. Complete the first four payments of the bond amortization schedule below: (Round answers to 0 decimal places, e.g. \begin{tabular}{|c|c|} \begin{tabular}{c} Balance of \\ Bond Premium \end{tabular} & \begin{tabular}{c} Carrying Value \\ of Bonds \end{tabular} \\ $3,895,200 & $75,895,200 \end{tabular}
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