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How much interest income would be included

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Question - An individual purchased a $50,000, 5% bond on October 31, 2018. Interest is compounded annually and paid along with principal on October 31, 2020. How much interest income would be included in 2020?

A. $0

B. $5,125

C. $2,500

D. $2,625

E. none of the above

Reference no: EM133065711

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