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6. C, an individual, purchased a $40,000 bond on its issue date, October 1, 2022. The bond pays interest at maturity, September 30, 2024, at

6. C, an individual, purchased a $40,000 bond on its issue date, October 1, 2022. The bond pays interest at maturity, September 30, 2024, at a rate of 3% compounded annually. What amount of interest must be included in income in 2023

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