N in d Check my 10 On January 1, 2018, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannualy on June 30 and December 31. Portions of the bond amortization schedule appear below: Cash Increase in Balance 10 Effective Outstanding points Payment Payment Interest Balance 293,611 294,428 295,293 296,211 297,184 298,215 4,893,518 4,907,129 4,921,557 4,936,850 4.953,061 4,970,245 4,988,460 1 13,611 280,000 280,000 280,000 280,000 280,000 280,000 14,428 15,293 16,211 17,184 18,215 3 eBook Print 38 280,000 280,000 280,000 397,547 404,600 412,072 117.547 124,600 132,072 6.743,328 6,867,928 7,000,000 39 40 References 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? Face amount 2 initial selling price 3 Term to maturity years 4 Interest is determined by what approach? Annal intart rae Help 10 2aU,Uuu 291,L89 280,000 298,215 18,215 4,988,460 117,547 124, 600 132,072 6.743,328 6,867,928 7,000,000 38 280,000 280,000 280,000 397,547 10 points 404,600 412,072 39 40 Required: 1. What is the face amount of the bonds? eBook 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? Print 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? References 1. Face amount Initial selling price 3 Term to maturity years 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