Calculate the total amount of interest expense over the life of the bonds for the following independent situations.
a_100,$1,000 face value,8%,five-year bonds issued for $1,020
b_50,$1,000 face value,12%,10-year bonds issued for $1,000
c_1,000,$1,000 face value,10%,five-year bonds issued for $980

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The Answer of Calculate the total amount of interest expense over the life of the bonds for the following independent situations.
a_100,$1,000 face value,8%,five-year bonds issued for $1,020
b_50,$1,000 face value,12%,10-year bonds issued for $1,000
c_1,000,$1,000 face value,10%,five-year bonds issued for $980

Calculate the Total Amount of Interest Expense Over the Life