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CengageNOW | Online teaching and learning resource from Cengage Learning Contact Technical Support Assignment: Module 8 Assignment Assignment...
Hi,
I am having trouble creating amortization table for this problem.
Effective Interest Premium Amortization
Polk Incorporated issued $400,000 of 13% bonds on July 1, 2013, for $413,603.19. The bonds were dated January 1, 2013, pay interest on each June 30 and December 31, are due December 31, 2017, and were issued to yield 12%. Polk uses the effective interest method of amortization.