Question

A corporation issues $399000, 8%, 5-year bonds on January 1, 2020, for $415800. Interest is paid annually on January 1. If th
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Answer #1

The Correct answer is d, $31,920

As the bond interest has straight line approach

So interest due at the end of the year will be,

$399,000 * 8%

= $31,920

hope you got the answer, please comment for any clarification

Thankyou and all the best for future

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