Candi Corporation sells $180,000, 5%, 20-year bonds for 98 on January 1, 2017. Interest is paid on January 1 and July 1. Straight-line amortization is used. The amount of interest paid on July 1, 2017 is:
A) $6,000.
B) $4,590.
C) $4,500.
D) $1,410.
Correct Answer:
Verified
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