A company issued 9% 5 year old bonds with a par value of 90,000 the market rate when the bonds were issued was 8% the company received $93653 cash for the bonds using effective interest method the amount of interest expense for the first semiannual interest period is

Exam 1 (Chapters 13& 14) Question 21 (of 26) 21. Acompany issued5-year bonds with per value of S0000 The market tme when the bonds were sued wat t% The company secerved S93 653 cmh for the bnds Using the eneche neest method. re amount of interes expense for the frst seminnusl nterest period O $3,600.00 O $8 100 00 O $7 49224 O $3,746 12 O $405000 1ype here to search LG BK331THO1