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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