On January $1,2025,$ Cullumber Co$.$ issued ten$-$year bonds with a face value of $$5,625,000$ and a stated interest rate of $10\%,$ payable

semiannually on June $30$ and December $31.$ The bonds were sold to yield $12\%.$ Table values are:

Present value of annuity for $10$ periods at $10\%,6\mathrm{.}14457$

Present value of annuity for $10$ periods at $12\%,5\mathrm{.}65022$

Present value of annuity for $20$ periods at $5\%,12\mathrm{.}46221$

Present value of annuity for $20$ periods at $6\%,11\mathrm{.}46992$