What is net cash received over the life of bond investment

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Question

Annapolis Company purchased a $2,000, 8%, 8-year bond at 101 and held it to maturity. The straight line method of amortization is used for both premiums & discounts.

What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)

Reference no: EM132315762

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