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Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $440,000 (face) of 7%
Required information
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[The following information applies to the questions displayed below.]
On January 1, 2021, White Water issues $440,000 (face) of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $410,474.
Required:
1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.)
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