Question: omar qureshi acquired a five year $ 1 0 0 0 0 ( face value ) bond on july 1 of the current year. the

omar qureshi acquired a five year $

10000 (

face value

)

bond on july

1

of the current year. the bond earns interest at a rate of

4 % .

the total interest income earned on the bond will be paid at maturity five years from now. what is the total interest income will be reported in each of the next five taxation years

(

up to the maturity date of the bond

) .

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