What would be the amount of premium amortized on july

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On January 1, 2020, $200,000, 4 year, 9% bonds were issued. The interest rate in effect when the bonds were issued was 8%. Interest is paid semi-annually on January 1 and July 1. Bond paid in full December 31, 2023. All answered rounded to nearest dollar.

Problem 1: What would be the amount of premium (Discount) amortized on July 1, 2020.

a) 731
b) 760
c) 790
d) 821
e) none of the above

Reference no: EM132762475

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