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Find what amount of interest must be included in income

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Question 1: C, an individual, purchased a $60,000 bond on its issue date, July 1, 2020. The bond pays interest at maturity, June 30, 2022, at a rate of 4% compounded annually. What amount of interest must be included in income in 2021? Hint: Use anniversary day for interest income for an individual.

Reference no: EM132842476

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