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Sanders, Incorporated issues bonds dated January 1 that pay interest semiannually on June 3 0 and December 3 1 . The bonds have a $

Sanders, Incorporated issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $430,000 par value and an annual contract rate of 10%, and they mature in 20 years.
\table[[Bonds par value,$430,000
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