Prepare amortization tables for the following borrowing arrangements where the full sequence of cash flows is given (i.e., you have to calculate the effective interest rate).

1. On January 1, 2021, a bond with face value $100,000 was issued. The coupon rate is 5%, and the issue price is $95,000. The bond matures on December 31, 2025, and coupon payments will be on December 31 of each year.

1. On January 1, 2021, a bond with face value $100,000 was issued. The coupon rate is 5%, and the issue price is $105,000. The bond matures on December 31, 2025, and coupon payments will be on December 31 of each year.