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Crane Company received proceeds of $964500 on 10 -year, 8% bonds issued on January 1,2019 . The bonds had a face value of $910000, pry

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Crane Company received proceeds of $964500 on 10 -year, 8% bonds issued on January 1,2019 . The bonds had a face value of $910000, pry interest innually on December 31 , and hive th eall price of 104 . Crane uses the stralght-Ine method of amortization. What is the amount of interest Crane must pay the bondholders in 2019? 572800 57716 $75712 577160

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