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  3. eli inc. issued $100,000 of 8% annual, 5 year bond

Eli Inc. Issued $100,000 of 8% annual, 5 year bonds for $103,000. What is the...

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Accounting

Eli Inc. Issued $100,000 of 8% annual, 5 year bonds for $103,000. What is the total amount of interest expense over the life of the bond

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