Zenith company issues $830,000, 9% bonds on January 1, 2024, that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $912,140. Interest is paid semiannually on June 30 and December 31. Required: 1. Complete the first three rows of an amortization schedule. 2. What is the total interest expense over the life of the bonds?
