Outcomes: (to be demonstrated in this project) A Complete amortization calculations using both the straight line and effective interest methodologies. B Use technology to record and summarize information used in business decisions. Project \#4 - Bond Amortization The ECC District is preparing to sell bonds to improve their campus. The cost of the project is $900,000 and the bond market has recently been unpredictable. They are offering a $900,000 bond with a 6% interest rate payable annually. Maturity will be in 10 years. They need to consider 2 possible outcomes and need information for both. Case \#1: The market interest rate at time of issuance is 6.5%. Proceeds from sale will be $850,000. Method of amortization is Straight Line. Case \#2: The market interest rate at time of issuance is 5.75\%. Proceeds from sale will be $916,760. Method of amortization is Effective. Round ALL answers to 2 decimal places