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A company has an investment in 8% bonds with a par value of $144,000 that...

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Accounting

A company has an investment in 8% bonds with a par value of $144,000 that pay interest on October 1 and April 1. The amount of interest accrued on December 31 (the company's year-end) would be:

$960.

$2,880.

$11,520.

$1,920.

$5,760.

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