Temptation Vacations issues $58 million in bonds on January 1, 2021, that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (4) (5)   Cash Paid for Interest Interest Expense Decrease in Carrying Value Carrying Value Date         1/1/2021       $65,279,805 6/30/2021 $1,740,000 1,631,995 $108,005 $65,279,805 12/31/2021 1,740,000 1,629,295 $110,705 65,171,800 5. What is the market annual interest rate? (Round your answer to the nearest whole percent.) Market annual interest rate

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A: The Straight-line amortization table for the bonds first two years is provided below:-

Q: Temptation Vacations issues $58 million in bonds on January 1, 2021, that pay interest semiannually…

A: Original issue price of the bonds = Carrying Value of the bonds on January 1, 2021

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A: The stated annual interest rate, often known as SAR, is the return on an investment (ROI) presented…

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A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

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A: Given Information: Bonds issued at face value       $600,000 Amount received…

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Q: help

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A: Solution: Journal entries : The straight line method :