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A bond payable is just a promise to pay a series of payments over time (the interest component) and a fuxed amotint at maturity (the

A bond payable is just a promise to pay a series of payments over time (the interest component) and a fuxed amotint at maturity (the face amount). Thus, it is a blend of an annuity (the interest) and a lump-sum payment (the facel. True Fatse

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