Crane Company purchased $2950000 of 7%, 5-year bonds fromBramble, Inc. on January 1, 2025 with interest payable on July 1and January 1. The bonds sold for $3072661 at an effective interestrate of 6 Crane Company purchased \( \$ 2950000 \) of \( 7 \%, 5 \) year bonds from Bramble, Inc. on January 1,2025 with interest payable on July 1 and January 1 . The bonds sold for \( \$ 3072661 \) at an effe 1 answer