Business, 06.05.2020 03:01, jaylabeatty44
On January 1 of this year, Houston Company issued a bond with a face value of $14,000 and a coupon rate of 7 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Houston uses the effective-interest amortization method. (FV of $1, PV of $1, FV of $1, an PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.)
Complete a bond amortization schedule for all three years of the bond's life.
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