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1. General obligation bonds, due in 20 years, are issued for $10,000,000 in cash. The bonds are used to nance the building of a new

1. General obligation bonds, due in 20 years, are issued for $10,000,000 in cash. The bonds are used to nance the building of a new community center. The total cost of the community center is $12,000,000. A capital projects fund is used

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