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Required information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City issues $400,000 of 8% bonds, due in 15
Required information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City issues $400,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $367,422. Required: 1. Complete the first three rows of an amortization schedule. Note: Round your intermediate and final answers to the nearest whole dollar
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