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On January 1,2023, a company acquired P4,000,000 bonds with a 10% interest rate. These bonds...

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Accounting

On January 1,2023, a company acquired P4,000,000 bonds with a 10% interest rate. These bonds reach maturity on December 31,2025, with an effective interest rate of 7%. The quoted prices for the bonds were 95 on December 31,2023, and 85 on December 31,2024.
I just have a question about this problem: how will you compute the present value of interest if it is not specified when the interest payment occurs?
Also, if you have time, could you create an amortization table for this problem so I can double-check my answers? Thank you so much!
subject: accounting

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