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How much interest will pay each year

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Question - 17% bonds with a value of 30,000 are due 2014. These bonds were issued on Sept 31, 2010, and mature in four years. The face value of the bond is 30,500.

1. If I pay interest on these bonds annually, how much interest will pay each year?

2. What proceeds did I receive when issued these bonds?

Reference no: EM132044778

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