Annapolis Company purchased a $5,000, 7%, 7-year bond at 99
Annapolis Company purchased a $5,000, 7%, 7-year bond at 99 and held
it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)
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