ABC Crp. issued $8,000,000 of 8% debentures on January 1,2018. The bonds pay interest semiannually o

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ABC Crp. issued $8,000,000 of 8% debentures on January 1,2018. The bonds pay interest semiannually on July 1 and January 1. The maturity date on these bonds is January 1, 2026. The firm uses the effective interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of 10%.
Required: Compute the present Value of bonds and amortization table