Crane Corp. issued $490,000 of 3-year. 4% bonds on May 1.2024. The market interest rate when the bonds were issued was 8%. Interest is payable quarterly. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Arnuity of 1 (a) What is the number of interest payments that will be made over the life of the bond? Number of interest payments payments eTextbook and Media Solution List of Accounts (b) Attempts: 1 of 1 used How much interest will be paid each period