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

Shamrock Co. is building a new hockey arena at a cost of $2,620,000. It received a downpayment of $450,000 from local businesses to support the project, and now needs to borrow $2,170,000 to complete the project. It therefore decides to issue $2,170,000 of 10.0%,10-year bonds. These bonds were issued on January 1,2024, and pay interest annually on each January 1. The bonds yield 9%.
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Prepare a bond amortization schedule up to and including January 1,2028, using the effective-interest method. (Round present value factor to 5 decimal places, e.g.1.24356 and final answers to 0 decimal places, e.g.38,548.)
\table[[late,,\table[[Cash],[Paid]],,\table[[Interest],[Expense]],,\table[[Premium],[Amortization]],,\table[[Carrying],[Value of],[Bonds]]],[124,$,,$,,$,,$,],[125,,,,,,,,],[126,,,,,,,,],[127,,,,,,,,],[128,,,,,,,,]]
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