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compute the present value of interest and the principle amount On January 1, 2019, Ellison Co. issued 8-year bonds with a face value of 1,000,000

compute the present value of interest and the principle amount

On January 1, 2019, Ellison Co. issued 8-year bonds with a face value of 1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%

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