Help Save&Exit Prescott Corporation issued ten thousand $1,000 bonds on January 1,2018. The bonds have a 10-year term and pay interest semi bond amortization schedule for the bonds. Effective crease in Out nding t Cash Interest Balance 400,eee 344,632 55,368 480,e00 342,971 488,880 341,261 400,800 Balanc 11,487,747 11,432,379 11,375,35e 11,316,611 57,829 58,739 What is the effective annual rate of interest on the bonds? 6%