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2) An individual purchased a $80,000 bond on its issue date, September 1,2023 . The bond pays interest at maturity, August 31,2025 , at a

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2) An individual purchased a $80,000 bond on its issue date, September 1,2023 . The bond pays interest at maturity, August 31,2025 , at a rate of 5% compounded annually. What amount of interest must be included in income in 2023 and 2024, respectively? A $4,000 and $4,200 B$4,200 and $4,000 C $4,000 and $4,000 D $4,200 and $4,200 None of these

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