Thomas Taylor Company sells 9% bonds having a maturity value of $1,760,000 for $1,693,280.00. The bonds are dated January 1 . 2025 , and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. (a) Your answer is correct Determine the effective-interest rate. (Round present value factor to 5 decimal ploces, es 1.25124 and final answer to 0 decimal ploces, e-8, 189s) The effective-interest rate 8 Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediote. calculatbons to 5 decind pooes, es. 125124 and final onnwer to 2 decimol ploots, es. 325 5225 )