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On January1, Wok'n' Roll, Inc. issued$50,000 worth of8%, 20 year bonds for$52,950. What is the amount of the firstyear's interestpayment?

On January1, Wok'n' Roll, Inc. issued$50,000 worth of8%, 20year bonds for$52,950. What is the amount of the firstyear's interestpayment?

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