Partial BOND AMORTIZATION SCHEDULE

ENTER VALUES
Issue Date 1/1/2021
Maturity (in years) 3
Payments per year 2
Face Value 700,000
Stated Rate 12%
Market Rate 14%

PRESENT VALUE (Rounded to whole $)

Interest Only (PVA of $1) 200,195
Principal Only (PV of $1) 466,440
Total PV of Bond

Under the Effective Interest Method

(Abbreviation) - Steps (A) - First (B) - Second ( C ) - Third (D) - Last
Outstanding Balance (or Carrying
Effective Interest Expense/ Increase (Decrease) in Value) of Bonds Payable/
Cash Interest Paid/ Received Revenue Discount (Premium) Investment in Bonds

PMT NO. PAYMENT DATE = (SR / 2) * Face Value = (Eff. MR / 2) * Out. Balance = (B) - (A) = Prior (D) + ( C) Difference between Eff. vs. SL Interest
0 1/1/2021 -
1 6/30/2021 42,000 - (42,000) (42,000) (158,667)
2 12/31/2021 42,000 (2,940) (44,940) (86,940) (161,607)
3 6/30/2022 42,000 (6,086) (48,086) (135,026) (164,752)
4 12/31/2022 42,000 (9,452) (51,452) (186,478) (168,118)
5 6/30/2023 42,000 (13,053) (55,053) (241,531) (171,720)
6 12/31/2023 42,000 (16,907) (58,907) (300,438) (175,574)
252,000 (48,438) (300,438) (1,000,438)

Under the Straight Line Method

(Abbreviation) - Steps (A) - First (B) - Third ( C ) - Second (D) - Last
Outstanding Balance (or Carrying
Straight Line Interest Increase (Decrease) in Value) of Bonds Payable/
Cash Interest Paid/ Received Expense/ Revenue Discount (Premium) Investment in Bonds
PMT NO. PAYMENT DATE = (SR / 2) * Face Value = (C ) + (A) = Discount ÷ N Periods = Prior (D) + ( C)
0 1/1/2021 -
1 6/30/2021 42,000 158,667 116,667 116,667
2 12/31/2021 42,000 158,667 116,667 233,333
3 6/30/2022 42,000 158,667 116,667 350,000
4 12/31/2022 42,000 158,667 116,667 466,667
5 6/30/2023 42,000 158,667 116,667 583,333
6 12/31/2023 42,000 158,667 116,667 700,000
252,000 952,000 700,000
Partial BOND AMORTIZATION SCHEDULE
ENTER VALUES
Issue Date 1/1/2021
Maturity (in years) 3
Payments per year 2
Face Value 700,000
Stated Rate 12%
Market Rate 14%

PRESENT VALUE (Rounded to whole $)

Interest Only (PVA of $1) 200,195
Principal Only (PV of $1) 466,440
Total PV of Bond $ 666,634

Under the Effecti

(Abbreviation) - Steps (A) - First

Cash Interest Paid/ Received

PMT NO. PAYMENT DATE = (SR / 2) * Face Value

0 1/1/2021
1 6/30/2021 42,000
2 12/31/2021 42,000
3 6/30/2022 42,000
4 12/31/2022 42,000
5 6/30/2023 42,000
6 12/31/2023 42,000
252,000

Under the Stra

(Abbreviation) - Steps (A) - First

Cash Interest Paid/ Received

PMT NO. PAYMENT DATE = (SR / 2) * Face Value
0 1/1/2021
1 6/30/2021 42,000
2 12/31/2021 42,000
3 6/30/2022 42,000
4 12/31/2022 42,000
5 6/30/2023 42,000
6 12/31/2023 42,000
252,000
$ 466,440

Under the Effective Interest Method

(B) - Second ( C ) - Third (D) - Last
Outstanding Balance (or Carrying
Effective Interest Expense/ Increase (Decrease) in Value) of Bonds Payable/
Revenue Discount (Premium) Investment in Bonds

= (Eff. MR / 2) * Out. Balance = (B) - (A) = Prior (D) + ( C)

666,634 33,366
46,664 4,664 671,299 28,701
46,991 4,991 676,290 23,710
47,340 5,340 681,630 18,370
47,714 5,714 687,344 12,656
48,114 6,114 693,458 6,542
48,542 6,542 700,000 (0)
285,366 33,366

Under the Straight Line Method

(B) - Third ( C ) - Second (D) - Last
Outstanding Balance (or Carrying
Straight Line Interest Increase (Decrease) in Value) of Bonds Payable/
Expense/ Revenue Discount (Premium) Investment in Bonds
= (C ) + (A) = Discount ÷ N Periods = Prior (D) + ( C)
666,634
47,561 5,561 672,195
47,561 5,561 677,756
47,561 5,561 683,317
47,561 5,561 688,878
47,561 5,561 694,439
47,561 5,561 700,000
285,366 33,366
Difference between Eff. vs. SL Interest

(897)
(570)
(221)
153
553
981
0