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Evaluate what net cash received over life of bond investment

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Reference no: EM132517106

Annapolis Company purchased a $4,000, 8%, 7-year bond at 97 and held it to maturity. The straight line method of amortization is used for both premiums & discounts.

Question 1: 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: EM132517106

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