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Required information [The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2018,
Required information [The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2018, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.)
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