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TB Problem 10-236 (Algo) Bonds with a stated interest rate of... Bonds with a stated interest rate of 9% and a face value totaling $618,000

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TB Problem 10-236 (Algo) Bonds with a stated interest rate of... Bonds with a stated interest rate of 9% and a face value totaling $618,000 were issued for $642,720 on January 1, 2021, when the market interest rate was 8%. The company uses effective-interest bond amortization. Required: Determine the carrying value of the bonds at December 31,2022 . (Round your answer to nearest whole dollar.)

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