Cash On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below. Effective Increase in Outstanding Payment Payment Interest Balance Balance 6,496,785 1 243,eee 259,871 16,871 6,513,656 2 243,000 260,546 17,546 6,531,202 243,000 261,248 18,248 6,549,450 243,000 261,978 18,978 6,568,428 243, eee 262,737 19,737 6,588,165 243,000 263,527 20,527 6,608,692 4 5 6 ? 2 38 39 40 243,000 243,000 243,000 315,009 317,889 320,887 72,009 74,889 77,887 7,947,224 8,022,113 8,100,000 rences Required: 1. What is the face amount of the bonds? 2. What is the initial selling price of the bonds? 3. What is the term to maturity in years? 4. Interest is determined by what approach? 5. What is the stated annual interest rate? 6. What is the effective annual interest rate? 7. What is the total cash interest paid over the term to maturity? 8. What is the total effective interest expense recorded over the term to maturity