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C, an individual, purchased a $60,000 bond on its issue date, July 1, 2022. The bond pays interest at maturity, June 30, 2024, at a
C, an individual, purchased a $60,000 bond on its issue date, July 1, 2022. The bond pays interest at maturity, June 30, 2024, at a rate of 4% compounded annually. What amount of interest must be included in income in 2023 Step by Step Solution
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