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How much interest is paid at each interest payment date

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Question - On January 1, 2021, $1100000, 5-year, 5% bonds, were issued for $1053080. The interest rate in effect when the bonds were issued was 6%. Interest is paid semi-annually on January 1 and July 1. How much interest is paid at each interest payment date?

Reference no: EM132610175

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