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Prepare an amortization schedule that determines interest

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Reference no: EM132936290

On January 1, 2021, Bradley Recreational Products issued $120,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $116,122 to yield an annual return of 10%.

Problem 1. Prepare an amortization schedule that determines interest at the effective interest rate.

Reference no: EM132936290

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