What is the amount for the first year interest payment

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Reference no: EM13750353

On January 1, Bank, Rupp, & Baroque, Inc issued $50,000 worth of 10-year, 9% bonds for $49890. What is the amount for the first year interest payment?

A. $4,500

B. 4,400

C. 1,100

D. 88.80

Reference no: EM13750353

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