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A bond with a maturity value of $1,000,000 was initially issued for $981,816. The bond has a ten year life and a stated interest rate

A bond with a maturity value of $1,000,000 was initially issued for $981,816. The bond has a ten year life and a stated interest rate of 6%. What is the total interest expense over the life of the bond? (Note: No need to consider the time value)

A. not determinable without knowing the bond's effective yield

B. $581,816

C. $600,000

D. $618,184

Would appreciate it if you could show your work

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