A company issued $7\%,5-$year bonds with a par value of $$100,000.$ The market rate when the bonds were issued was $7\mathrm{.}5\%.$ The company received $$97,947$ cash for the bonds. Using the effective interest method, the amount of interest expense for the first semiannual interest period is:

Group of answer choices

$$3,500\mathrm{.}00.$

$$3,673\mathrm{.}01.$

$$7,346\mathrm{.}03.$

$$3,705\mathrm{.}30.$

$$7,000\mathrm{.}00.$