Q1)

Q2)

Using the data in the following table, how much bond amortization was recorded for the 4th interest period? Effective-Interest Amortization Table Bond at Interest Period Interest Payment Interest Expense Amortized Cost 53,897.29 1,500.00 1,347.43 53,744.72 1,500.00 1,343.62 53,588.34 1,500.00 1,339.71 53,428.05 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 1,500.00 1,327.38 52,922.73 ON m Select one: a $1,500.00 b. $53,263.75 C. $1,335.70 d. $164.30 Year Opening Balance 1.0000 1.1000 1.2100 1.3310 1.4641 1.6105 1.7716 1.9487 2.1436 2.3579 Interest @ 10% 0.1000 0.1100 0.1210 0.1331 0.1464 3 Closing Balance 1.1000 1.2100 1.3310 1.4641 1.6105 1.7716 1.9487 2.1436 2.3575 2.5937 0.1611 0.1772 0.1949 0.2144 0.2358 Using the table above, the value of $1,000 at the end of five years (at an interest rate of 10%) is: Select one: 0 a $1.00 b. $1,000 c. $2,594 d. $1,611 O