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Prepare an effective interest amortization table

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Question - Crane Cars Co. issued $1.76 million of 9%, 5-year bonds on January 1, 2021. The bonds were dated January 1 and pay interest annually. The bonds are secured with real estate holdings. The market interest rate was 8% for these bonds. Crane has a calendar year end. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (b) Your answer has been saved. See score details after the due date. Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, e g. 1,575.) Price of the bonds $ 1,830,272.

Required - Prepare an effective interest amortization table for these bends.

Reference no: EM133169578

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