Question: On January 1 , 2 0 2 4 , Splash City issues $ 3 8 0 , 0 0 0 of 8 % bonds, due

On January 1,2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 9%, the bonds will issue at $349,051.
Required:
1. Complete the first three rows of an amortization schedule.

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