Bonds (i)\ On January 1 , a company issued

7%,15

-year bonds with a face amount of

$90

million for

$82,218,695

to yield

8%

. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30 , the first interest date?\ Note: Round your final answer to the nearest whole dollar. Use tables, Excel, or a financial calculator.

Bonds i Saved On January 1, a company issued 7%, 15-year bonds with a face amount of $90 million for $82,218,695 to yield 8%. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30, the first interest date? Note: Round your final answer to the nearest whole dollar. Use tables, Excel, or a financial calculator.