*SOLVE USING EXCEL*

2. Prepare an amortization table for ISU assuming the contract rate was 6%, the market rate was 5% and the effective interest method is used. Follow the format of the amortization table on page 13-14 schedule of bond premium amortization in your text. Round amounts to the nearest dollar. Include all 10 payments in your table and totals for cash paid, interest expense, and premium amortized. 2. Prepare an amortization table for ISU assuming the contract rate was 6%, the market rate was 5% and the effective interest method is used. Follow the format of the amortization table on page 13-14 schedule of bond premium amortization in your text. Round amounts to the nearest dollar. Include all 10 payments in your table and totals for cash paid, interest expense, and premium amortized