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Question 19 (1 point) Saved Andrews Inc. prepares the following effective interest amortization table for its bonds payable. Interest Cash Decrease Payment Payment in
Question 19 (1 point) Saved Andrews Inc. prepares the following effective interest amortization table for its bonds payable. Interest Cash Decrease Payment Payment in Date Amount June 30, 2022 $540,000 $661,602 Interest Expense Discount $121,602 $1,338,360 Book Discount Value $16,661,640 Dec 31, 2022 $540,000 $666,466 $126,466 $1,211,894 $16,788,106 June 30, 2023 $540,000 $671,524 $131,524 $1,080,370 $16,919,630 Dec 31, 2023 $540,000 $676,785 $136,785 $943,585 $17,056,415 June 30, 2024 $540,000 $682,257 $142,257 $801,328 $17,198,672 Dec 31, 2024 $540,000 $687,947 $147,947 $653,381 $17,346,619 June 30, 2025 $540,000 $693,865 $153,865 $499,516 $17,500,484 Dec 31, 2025 $540,000 $700,019 $160,019 $339,497 $17,660,503 June 30, 2026 $540,000 $706,420 $166,420 $173,077 $17,826,923 Dec 31, 2026 $540,000 $713,077 $173,077 $0 $18,000,000 Do the bonds pay interest ANNUALLY or SEMIANNUALLY?
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