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On January1, Bank, Rupp& Baroque, Inc. issued$50,000 worth of 10minus year, 9% bonds for$48,890. What is the amount of the firstyear's interestpayment?

On January1, Bank, Rupp& Baroque, Inc. issued$50,000 worth of 10minus

year, 9% bonds for$48,890. What is the amount of the firstyear's interestpayment?

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