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On January 1,2021,$1,000,000,5-year, 5% bonds, were issued for $957,349. The interest rate in effect when...

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Accounting

On January 1,2021,$1,000,000,5-year, 5% bonds, were issued for $957,349. The interest rate in effect when the bonds were issued was 6%. Interest is paid semiannually on January 1 and July 1. How much interest is paid at each interest payment date?
Select one:
A. $30,000
B. $25,000
C. $60,000
D. $50,000
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