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Whirlie Inc. issued $600,000 face value, 10% paid annually, 10 -year bonds for $638,502 when the market of interest was 9%. The company uses the

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Whirlie Inc. issued $600,000 face value, 10% paid annually, 10 -year bonds for $638,502 when the market of interest was 9%. The company uses the effective-interest method of amortization. What is the amount of the cash interest payment the company will have to make annually? 53,850.20 60,000,00 54,000.00 57.465 .18

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