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Question 2: On 1/1/2020 Marcos corporation invested in held to maturity securities the face value was $80,000 the maturity date is 1/1/2040. The security market

Question 2:

On 1/1/2020 Marcos corporation invested in held to maturity securities the face value was $80,000 the maturity date is 1/1/2040. The security market rate was 5% and the stated rate was 2%.

Instruction:

1- Calculate the discount /premium if any on the security using Excel

2- Prepare the amortization schedule using Excel

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