If $800,000, 6% bonds are issued on January 1, and pay interest annually, the amount of interest paid on the following January 1 will be $48,000.

Name: If $800,000, 6% bonds are issued on January 1, and pay interest annually, the amount of interest paid on the following January 1 will be $48,000.
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Since the 6% bonds are issued for $800,000, the annual interest payment will be 6% x $800,000 = $48,000. Therefore, the interest paid on the following January 1 will also be $48,000.

If $800,000, 6% Bonds Are Issued on January 1, and Pay