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On January 1, 2021, Morton Sales Co. issued zero-coupon bonds with a face value of $5.8 million for cash. The bonds mature in 8 years

On January 1, 2021, Morton Sales Co. issued zero-coupon bonds with a face value of $5.8 million for cash. The bonds mature in 8 years and were issued at a price of $2,910,846. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: What total interest expense will Morton Sales Co. report over the 8 year life of these bonds? (Enter your answer in whole dollars.)

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