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Determine what is the net cash received over the life

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Problem 1: Annapolis Company purchased a $1,000, 5%, 8-year bond at 103 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)

Reference no: EM132480786

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