What is the amount of the first year''s interest payment

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Question - On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10minus -year, 9% bonds for $48,890. What is the amount of the first year's interest payment?

Reference no: EM131596774

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What is the amount of the first year''s interest payment : On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10minus -year, 9% bonds for $48,890. What is the amount of the first year's interest payment
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