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On January 1 AbC company issued $1,000,000, 5 year, 12% bonds for 1,037,690. If the bonds pay interest on June 30 and Dec 31 and
On January 1 AbC company issued $1,000,000, 5 year, 12% bonds for 1,037,690. If the bonds pay interest on June 30 and Dec 31 and if the effective rate of interest is 11% what is the interest paid on June 30 and the accursed interest payable on dec 31
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