Question: Same information as question 2 . By Dec. 3 1 , 2 0 2 3 , the market rate has fallen to 7 % .

Same information as question 2. By Dec. 31,2023, the market rate has fallen to 7%. How much more or less (specify) interest income will the investor receive on Dec. 31,2023 as a result of the decrease in the market rate?

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