Spike's Auto invested in bonds of DEF, which it intends to hold until maturity 1/1/22. These 5-year bonds were dated 1/1/17, had a face value of $100,000, and pay 4% interest annually on 12/31. Spike's purchased these bonds when the market rate of interest was 6%. Complete the entire amortization table for this investment and record all entries for the life of the investment, rounding all values to the nearest dollar.

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The Answer of Spike's Auto invested in bonds of DEF, which it intends to hold until maturity 1/1/22. These 5-year bonds were dated 1/1/17, had a face value of $100,000, and pay 4% interest annually on 12/31. Spike's purchased these bonds when the market rate of interest was 6%. Complete the entire amortization table for this investment and record all entries for the life of the investment, rounding all values to the nearest dollar.

Spike's Auto Invested in Bonds of DEF, Which It Intends