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[ The following information applies to the questions displayed below. ] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once
The following information applies to the questions displayed below.
On January of this year, Olive Corporation issued bonds. Interest is payable once a year on December The bonds mature at the end of four years. Olive uses the effectiveinterest amortization method. The partially completed amortization schedule below pertains to the bonds:
Date Cash Interest Amortization Balance
x $
x $ $ $
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P Part
How much cash will be disbursed for interest each period and in total over the life of the bonds?
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