On January 1, 2024, Universe of Fun issues $750,000, 9% bonds that mature in 15 years. The
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Question:
On January 1, 2024, Universe of Fun issues $750,000, 9% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $692,353. Interest is paid semiannually on June 30 and December 31.
Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
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