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Riverbed Co . is building a new hockey arena at a cost of $ 2 , 6 0 0 , 0 0 0 . It

Riverbed Co. is building a new hockey arena at a cost of $2,600,000. It received a downpayment of $460,000 from local businesses to support the project, and now needs to borrow $2,140,000 to complete the project. It therefore decides to issue $2,140,000 of 12.0%,10-year bonds. These bonds were issued on January 1,2024, and pay interest annually on each January 1. The bonds yield 11%.
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(a)
(b)
Prepare a bond amortization schedule up to and including January 1,2028, using the effectiveinterest method. (Round present vi to 5 decimal places, e.g.1.24356q, answers to 0 decimal places, e.g.38,548.)
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