Given The Following Information From An Amortization Table Compute The Effective
Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the table:
2% Cash Interest : $800
1% Effective Interest: $419
Premium Amortization: $381
Carrying Value: $41,561
A) Effective Interest $423; Carrying Value $41,942
B) Effective Interest $416; Carrying Value $41,177
C) Effective Interest $408; Carrying Value $40,397
D) Effective Interest $412; Carrying Value $40,789
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