Next incorrect question A Question 7 (10 points) Retake question
Adelphi company purchased a bond investment on January 1, 2021. The bonds
have a par of $30,000, pay interest at a 6% annual rate and have 10 years until
maturity. What is the total Interest Income that will be reported over the life of the
bond investment if the bonds were purchased at 103 and Adelphi uses the straight
line amortization method? Enter as a whole number (no cents).
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Answer