3. On January 1, 2019, Free Corp. issued eight-year bonds with a face value of $6650000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% Present value of 1 for 8 periods at 12% Present value of 1 for 16 periods at 5% Present value of 1 for 16 periods at 6% Present value of annuity for 8 periods at 10% Present value of annuity for 8 periods at 12% Present value of annuity for 16 periods at 5% Present value of annuity for 16 periods at 6% 0.467 0.404 0.458 0.394 5.335 4.968 10.838 10.106 The present value of the interest is Answer . (Answer should be whole dollars, no commas)