Prepare an amortization table for the first two years

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Problem

On March 1, 2022, Fire Company issued P4,000,000 of 10% bonds to yield 8%. Interest is payable semiannually on February 28 and August 31. Get the instant assignment help. The bonds mature in 5 years. Prepare an amortization table for the first two years using effective-interest method.

Reference no: EM133975254

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