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Canter Corp purchased nine $2,000, 6% bonds of Energy Corporation when the market rate of interest was 5% Interest is paid annually on the
Canter Corp purchased nine $2,000, 6% bonds of Energy Corporation when the market rate of interest was 5% Interest is paid annually on the bonds, and the bonds will mature in four years (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of Annuity of $1 table.) Requirement Compute the price Canter paid (the present value) on the bond investment Center paid $on the bond investment. (Hold all decimals for interim calculations, round your final answer to the nearest whole dollar)
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