How do you compute the effective interest rate? Please show it step by step. I got 11.8696 arithmetically.

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Devon Harris Company sells 10% bonds having a maturity value E14-6 (LO 1) (Amortization Schedule-Straight-line) of $2,000,000 for $1,855,816. The bonds are dated January 1,2017, and mature January 1, 2022. Interest is payable annually on January 1 Instructions Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to the nearest cent.) E14-7 (LO (Amortization Schedule-Effective-Intere Assume the same information as E14-6. Instructions Hint: The effective-interest Set up a schedule of interest expense and discount amortization under the effective-interest method. rate must be computed.)