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Albatross company issues 6%, 7-year bonds with a par value of $350,000 on January 1 at a price of $327,000, when the market rate of

Albatross company issues 6%, 7-year bonds with a par value of $350,000 on January 1 at a price of $327,000, when the market rate of interest was 7%. The bonds pay interest semiannually. The amount of cash paid each semiannual payment is:

$0.

$24,500.

$21,000.

$12,250.

$10,500.

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