$2800.00 is the last option at the bottom

Save Help Save & Exit company issued 7%, 5-year bonds with a par value of $80,000. The market rate when the bonds were issued was 8% The company received $76,759 cash for the bonds. Using the effective interest method, the amount of interest expense for the first semiannual interest period is: Multiple Choice 0 $3,200.00 0 $6,140.72 0 $5,600.00 0 $3,070.36 en annan C