Windsor Company sells 8% bonds having a maturity value of $3,170,000 for $2.929.660. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. (a) Your answer is correct Determine the effective-interest rate. (Round answer to O decimal places, eg 18%) The effective-interest rate eTextbook and Media Using vitale attempts will ampact your score 10 % M Attempts unlimited Feb 10 AO Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round Intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 38,548) Schedule of Discount Amortization Effective-Interest Method Interest Interest Year Payable Expense Jan 1. 2020 Dec 31. 2020 Dec. 31. 2021 Dec. 31 Discount Amortized Carrying Amount of B Feb 10 137 A Question 3 of 6 75/15 2020 2022 2023 6 eTextbook and Media