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On January 1, 2018, white Water issues $580,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31

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On January 1, 2018, white Water issues $580,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $523,161

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