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Complete the first three rows of an amortization schedule

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Reference no: EM132921039

On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

Assuming the market interest rate on the issue date is 8%, the bonds will issue at $549,482.

Required:

Problem 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.)

Reference no: EM132921039

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