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2 On June 1st, 2023, Emma Morley invested in a debt instrument to help generate some income while she writes her third book. Maturity value:
2 On June 1st, 2023, Emma Morley invested in a debt instrument to help generate some income while she writes her third book. Maturity value: $60,000 Maturity date: May 31 st, 2027 Interest rate: 5% annually. Payment on the interest for the first two and a half years needs to be paid on October 31, 2024. The remaining interest is paid at the maturity. Required: What amount of interest will Emma need to include in her tax returns for each of the years 2023 through to 2027
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