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Oak Branch Inc. issued $860,000 of 5%, 10-year bonds when the market rate was 4%. They received $930,324. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. Round intermediate and final answers to whole dollar amount.

Oak Branch Inc. issued $860,000 of 5%, 10-year bonds when the market rate was 4%. They received $930,324. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. Round intermediate and final answers to whole dollar amount.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:United Par X #3 eBook My Home Jan. 1, Year 1 June 30, Year 1 Dec. 31, Year 1 June 30, Year 2 Dec. 31, Year 2 June 30, Year 3 Dec. 31, Year 3 Check My Work 20 F3 com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false $ 54 X 000 F4 % ci do CengageN X Oak Branch Inc. issued $860,000 of 5%, 10-year bonds when the market rate was 4%. They received $930,324. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. Round intermediate and final answers to whole dollar amount. Cash Interest Payment 5 Show Me How My Home 6 Interest on Carrying Value All work saved. X MacBook Air F6 ∞ 7 CengageN x F7 Amortization of Premium 000000 * CO 8 SAML Logo X ➤II F8 9 Carrying Value 1000 Email Instructor Texas State X F9 N Netflix # = I F10 < Previous. Next Save and Exit Submit Assignment for Grading Update F11 + 11
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