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Find what is the net cash received over the life of the bond

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Reference no: EM132542696

Question 1: Annapolis Company purchased a $5,000, 7%, 9-year bond at 97 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: EM132542696

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