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How to calculate interest payable: County issued $6,000,000, 4 percent bonds, with interest payable semiannual on June 30 and Dec. 31. Bonds sold for 101

How to calculate interest payable: County issued $6,000,000, 4 percent bonds, with interest payable semiannual on June 30 and Dec. 31. Bonds sold for 101 on 6/30/16. Proceeds from bonds used for construction of library, with all interest and premiums received to be used to service the debt issue.

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