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On January 1, 2016, the Precor Corporation purchased $430,000 par value 6 % bonds that mature on December 31,2019. The market rate of interest was
On January 1, 2016, the Precor Corporation purchased $430,000 par value 6 % bonds that mature on December 31,2019. The market rate of interest was 8% when Precor purchased the bonds.Precor receives interest on the bonds semiannually each June 30 and December 31. What future cash inflows will precor recieve?
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