The Homossasa Company issued $500,000 face value of bonds payable on November 1, 20X0. The bonds pay interest semiannually on May 1 and November 1 of each year. The stated annual interest rate on the bonds is 9% and the bonds mature on November 1, 20Y0, ten years in the future. At the time of issuance, the market rate for similar bonds with similar terms and risks is 7.5%.

(1) Calculate the price of the bonds on November 1, 20X0. Round all calculations to the nearest whole dollar.

(2) Prepare an amortization schedule for the bonds from the date of issuance through the November 1, 20X3 interest payment. Round all calculations to the nearest whole dollar.