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in January 1 , 2 0 2 4 , White Water issues $ 5 6 0 , 0 0 0 of 6 % bonds, due

in January 1,2024, White Water issues $560,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 5%, the bonds will issue at $630,288.
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