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On January 1, 4 year bonds with a face value of $500,000 sold for 104. Stated interest on the bonds are 10% and is paid

On January 1, 4 year bonds with a face value of $500,000 sold for 104. Stated interest on the bonds are 10% and is paid annually. What is the total amount of expense that will be recognized over the life of the bonds?

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