Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term...

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Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Interest Balance Payment Cash 1 2 3 4 345,639 300,000 300,000 347,464 300,000 349,363 300,000 45,639 47,464 49,363 What is the book value of the bonds as of December 31, 2022? Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433 Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Interest Balance Payment Cash 1 2 3 4 345,639 300,000 300,000 347,464 300,000 349,363 300,000 45,639 47,464 49,363 What is the book value of the bonds as of December 31, 2022? Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433

Answer rating: 100% (QA)

First Period Coupon Line of the Amortization Table Semiannual interest expenses 345639 Outstanding ... View the full answer