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Mindsetta Music Inc issued bonds on March 1, 2020, with a par value of $390,000. The bonds mature in 15 years and pay 12 50%

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Mindsetta Music Inc issued bonds on March 1, 2020, with a par value of $390,000. The bonds mature in 15 years and pay 12 50% annual interest in two semiannual payments on the issue date, the annual market rate of interest for the bonds turned out to be 16% (Use Table 14A1 and Table 14A 2) (Use appropriate factor(s) from the tables provided.) .. What is the size of the semiannual interest payment for these bonds

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