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Determine the total amount of interest expenses over the life of the bonds payable for the following independent situations. a) A company issues $100,000 of
Determine the total amount of interest expenses over the life of the bonds payable for the following independent situations.
a) A company issues $100,000 of 10%,10-year bonds at 101.
b) A company issues $240,000 of 5%, 5-year bonds at 100.
c) A company issues $300,000 of 9%, 6-year bonds at 98.
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