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On January 1, 2019, Wernham Hogg issued $600,000 of twenty-year bonds when a market rate was 2%. The annual interest payment each year is $24,000.
On January 1, 2019, Wernham Hogg issued $600,000 of twenty-year bonds when a market rate was 2%. The annual interest payment each year is $24,000. What is the carrying value of the bonds after the interest payment on December 31, 2020?
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