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21. Lopez Plastics issued bonds on January 1, 2016. The face value of the bonds is 200.000. The bonds sold for 5207.020. Cash paid $7,000

21. Lopez Plastics issued bonds on January 1, 2016. The face value of the bonds is 200.000. The bonds sold for 5207.020. Cash paid $7,000 with each of the 8 payments. Lopez uses the effective interest method of amortization. What is the annual stated rate of interest? a: 3.596 b. 69 6.79 d. 39 e none of the above

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