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Crisps Computer Co. issued $100,000 of 9% bonds on January 1, 20x9. The bonds mature in ten years and pay interest each December 31. Assume

Crisps Computer Co. issued $100,000 of 9% bonds on January 1, 20x9. The bonds mature in ten years and pay interest each December 31.

Assume the bonds are issued at a price of 102.5.

If the total amount of interest payments are equal to $90,000, what is the total amount of interest expense over the life of this bond?

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