ASAP PLEASE:Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity:

Date Cash Effective Decrease in Outstanding Interest Interest balance balance

1/1/2021 $ 207,020

6/30/2021 $ 7,000 $ 6,211 $ 789 206,230

12/31/2021 7,000 6,187 813 205,417

6/30/2022 7,000 6,163 837 204,580

12/31/2022 7,000 6,137 863 203,717

6/30/2023 7,000 6,112 888 202,829

12/31/2023 7,000 6,085 915 201,913

6/30/2024 7,000 6,057 943 200,971

12/31/2024 7,000 6,029 971 200,000

What is the face amount of the bonds?

What is the initial selling price of the bonds?

What is the term to maturity in years?

Interest is determined by what approach?

What is the stated annual interest rate?

What is the effective annual interest rate?

What is the total cash interest paid over the term to maturity?

What is the total effective interest expense recorded over the term to maturity?