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On January 1, 2024, Morton Sales Company issued zero-coupon bonds with a face value of $6 million for cash. The bonds mature in 10 years

On January 1, 2024, Morton Sales Company issued zero-coupon bonds with a face value of $6 million for cash. The bonds mature in 10 years and were issued at a price of $3,050,100. Required: How much interest will Morton Sales Company pay on these bonds in 2024?

Bond Interest in 2024____________

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