Homework answers / question archive / Annapolis Company purchased a $1,000, 8%, 10-year bond at 95 and held it to maturity

Annapolis Company purchased a $1,000, 8%, 10-year bond at 95 and held it to maturity

Accounting

Share With

Annapolis Company purchased a $1,000, 8%, 10-year bond at 95 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)