Question: Can someone walk me through preparing an amortization schedule for this problem? Given the following data, prepare an amortization schedule (use the straight line method)
Can someone walk me through preparing an amortization schedule for this problem?
Given the following data, prepare an amortization schedule (use the straight line method)
1/1/10 - issued $800,000, 9%, 3 year bonds, interest paid annually on 12/31 to yield 8%
Use the following format (round to nearest dollar, may have small rounding difference);
Date Cash paid Int. expense Amortization Bond carry value
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