Question: Create bond amortization table, which automatically adjusts to the value of input variables. The headings of the table should have (1) year, (2) interest payment,

Create bond amortization table, which automatically adjusts to the value of input variables. The headings of the table should have (1) year, (2) interest payment, (3) interest expense, (4) amortization of (premium)/discount, and (5) ending balance columns. Round number values to the nearest whole dollar. The fixed variables for the assignment are as follows:

Term of bonds = 20 years

Interest Payments = annual

Amortization of Premium or Discount = effective interest method

Bond issued= January 1, 2017

First interest payment due = December 31, 2017

- face value, stated rate of interest, market interest rate.

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