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Find the amount of discount amortized on July

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Question - On January 1, 2021, $950000, 5-year, 3% bonds, were issued for $907317. The interest rate in effect when the bonds were issued was 4%. Interest is paid semi-annually on January 1 and July 1. Find the amount of discount amortized on July 1, 2021?

Reference no: EM132610171

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