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The following amortization and interest schedule reflects the issuance of 10-year bonds by Cullumber Corporation on January 1, 2019, and the subsequent interest payments and
The following amortization and interest schedule reflects the issuance of 10-year bonds by Cullumber Corporation on January 1, 2019, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Year 1/1/2019 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Cash Amortization Schedule $14,000 $15,730 15,990 16,288 16,631 17,026 17,480 14,000 14,000 14,000 14.000 14,000 14,000 14,000 Interest 14,000 14,000 18,002 18,602 19.293 20.090 Amount Unamortized $35,132 33,402 31,412 29,124 26,493 23,467 19,987 15,985 11.383 6,090 Carrying Value $ 104,868 106,598 108,588 110,876 113,507 116.533 120,013 124,015 128,617 133,910 140,000 A
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