If $500,000,6% bonds are issued on January 1 and pay interest semiannually,the amount of interest paid on July 1 will be $15,000.

Name: If $500,000,6% bonds are issued on January 1 and pay interest semiannually,the amount of interest paid on July 1 will be $15,000.
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Since the bonds pay interest semiannually, the total annual interest payment will be $30,000. Therefore, half of the annual interest payment ($15,000) will be paid on July 1.

If $500,000,6% Bonds Are Issued on January 1 and Pay