3.34 QUESTION 14 Terrapin, Inc. issues bonds with a par value of $20,000,000 on January 1, 2020. The bonds have an annual coupon rate of 6%, pay interest annually, and will mature in 7 years. If the market rate of interest on the bonds is 9% per year, then what is the carrying amount of the bonds at December 31, 2023? (Note: the company uses the effective interest method of amortization) a $20.000.000 b.518,481,223 518,841,623 d. 518,065,172 $18.944,533