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What is the total interest income

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Question - Adelphi company purchased a bond investment on January 1, 2021.  The bonds have a par of $40,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income that will be reported over the life of the bond investment if the bonds were purchased at 104 and Adelphi uses the straight line amortization method? Enter as a whole number (no cents).

Reference no: EM132995199

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