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On July 1, 2021, Lejune Industries issued $690,000 of 6% bonds, dated July 1. Interest is payable semiannually on June 30 and December 31. The

On July 1, 2021, Lejune Industries issued $690,000 of 6% bonds, dated July 1.

Interest is payable semiannually on June 30 and December 31.

The bonds mature in 4 years.

Fourier, Inc. purchased the entire bond issue on a date when the market interest rate for bonds of similar risk and maturity was 10%.

Calculate the total interest cash received by Fourier when the bond matures.

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