What is the amount of the first years interest payment

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Question - On January 1, Wok 'n' Roll, Inc. issued $50,000 worth of 8%, 20-year bonds for $52,950. What is the amount of the first year's interest payment?

Reference no: EM131651015

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What is the amount of the first years interest payment : On January 1, Wok 'n' Roll, Inc. issued $50,000 worth of 8%, 20-year bonds for $52,950. What is the amount of the first year's interest payment
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