Prepare a Schedule of Note Discount Amortization for Swifty Company under the effective interest method. (Round...
Prepare a Schedule of Note Discount Amortization for Swifty
Company under the effective interest method. (Round
answers to 0 decimal places, e.g. 5,275.)
Total Present Value = 577,726
Note= 675,000
Effective Interest (12%)
69,327 (.12 * 577,7260
77,646 ( not sure how to find this?)
86,964 (?)
Total = 233,937
I dont really know how to find the second answer after 69,327. I got these answers because I got the homework wrong.
Homework Answers
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Prepare a Schedule of Note Discount Amortization for Swifty
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