Question: On January 1 , 2 0 2 5 , Lily Corporation issued $ 1 , 4 5 0 , 0 0 0 face value, 7

On January 1,2025, Lily Corporation issued $1,450,000 face value, 7%,10-year bonds at $1,352,704. This price resulted in an effective-interest rate of 8% on the bonds. The bonds pay annual interest, each January 1. Lily has a calendar year end.Prepare an amortization table through December 31,2028(three interest periods) for this bond issue.

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