On October 1, 2020, Ms. Diane Dumont acquires a newly issued debt instrument with a maturity value of $60,000. It matures on September 30, 2026, and pays interest at an annual rate of 8 percent. Payment for the first three and one-quarter years of interest is due on December 31, 2023., with interest for the remaining two and three-quarters years payable on the maturity date. what amount of interest will Ms. Dumont have to include in her tax returns for each year from 2020 through 2026?

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