Question: On January 1 , $ 2 , 0 0 0 , 0 0 0 , 1 0 - year, 5 % bonds, were issued for

On January 1, $2,000,000,10-year, 5% bonds, were issued for $1,960,000. Interest is paid semiannually on January 1 and July 1. How much cash will be disbursed on January 1 when the interest payment is made?
$52,000
$50,000
$100,000
$48,000
On January 1 , $ 2 , 0 0 0 , 0 0 0 , 1 0 - year,

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