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Find the dollar value of the interest expense

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Point 1: On January 1, 2018, Baltimore Company issued $200,000 face value, 5%, 10-year bonds at 102. Interest is paid annually on January 1. Baltimore uses the straight-line method for amortization.

Question 1: Use the information to determine the dollar value of the interest expense for the 2018 fiscal year. Round your answer to the nearest whole dollar.

Reference no: EM132481034

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