Prepare an amortization table for bonds

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Question - Duval Co. issues four-year bonds with a $110,000 par value on January 1, 2017, at a price of $105,895. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31.

Required - Prepare an amortization table for these bonds. Use the straight line method of interest amortization.

Reference no: EM132235944

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