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St. Johnson Medical Center issued $20 million in bonds at 5% with a 20-year maturity. What is the total amount of interest that will be

St. Johnson Medical Center issued $20 million in bonds at 5% with a 20-year maturity. What is the total amount of interest that will be paid on this debt, assuming that the bonds are held until maturity?

a) $500,000

b) $1,000,000

c) $5,000,000

d) $20,000,000

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