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Volunteer Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1 , 2018 and received $540,000. Interest

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Volunteer Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1 , 2018 and received $540,000. Interest is payable annually. The premium is amortized using the straightline method. 3. What is the present value of the bond and all interest payments

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