Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

Super Splash issues $$900,000,8\%$ bonds on January $1,2024,$ that mature in $20$ years. The market interest rate for bonds of similar risk and maturity is $7\%,$ and the bonds issue for $$996,098.$ Interest is paid semiannually on June $30$ and December $31.$

Required:

$1.$ Complete the first three rows of an amortization schedule. $($Do not round intermediate calculations. Round your final answers to the nearest whole dollar.$)!$

Required information

$[$The following information applies to the questions displayed below.$]$

Super Splash issues $$900,000,8\%$ bonds on January $1,2024,$ that mature in $20$ years. The market interest rate for bonds

of similar risk and maturity is $7\%,$ and the bonds issue for $$996,098.$ Interest is paid semiannually on June $30$ and

December $31.$

Required:

Complete the first three rows of an amortization schedule. $($Do not round intermediate calculations. Round your final answers to

the nearest whole dollar.$)$

Answer is complete but not entirely correct.