Make an amortization schedule

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On January 1, Year 1, a firm issued $200,000 bonds and received $210,483 from investors. The stated rate of interest is 10% and the market rate of interest is 8%. The bonds have a 3-year maturity and pay interest semi-annually on June 30 and December 31st. Prepare an amortization schedule using the effective interest method of amortization. (Round to the nearest dollar and disregard any minor rounding differences.)

Reference no: EM1356980


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