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I only need 6, 7, & 8 please! On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30

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image text in transcribedI only need 6, 7, & 8 please!
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: Cash Effective Increase in Outstanding Payment Paytient Interest Balance Balance 6,627,273 1 320,000 331,364 11,364 6,638,637 2 320,000 331,932 11.932 6.650,569 3 320,000 332,528 12,528 6,663,097 320,000 333, 155 13, 155 6,676,252 320,000 333,013 13,313 6,690,065 320,000 334,503 14,503 6,704,560 4 5 38 39 40 320,000 320,000 320,000 389,107 392,562 396,191 69,107 72,562 75,193 7,851,247 7,923,809 8,000,000 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? 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? 1. Face amount 2. Initial selling price 3. Term to maturity 4. Interest is determined by what approach? 5. Annual interest rate 6. Effective annual interest rate 7. Total cash interest paid 8. Effective interest expense $ 8,000,000 $ 6,627,273 20 years Effective interest rate 81% I %

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