Question: On January 1 , 2 0 2 4 , Splash City issues $ 4 5 0 , 0 0 0 of 7 % bonds, due

On January 1,2024, Splash City issues $450,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $483,476.
Complete the first three rows of an amortization schedule.

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