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On January 1, 2010, Lane issues $700,000 of 7%,15-year bonds. The interest payments are made on June 30 and December 31 . Lane year ending

On January 1, 2010, Lane issues $700,000 of 7%,15-year bonds. The interest payments are made on June 30 and December 31 . Lane year ending is on September 30 . What the amount of interest on the December 31,2010 ? a. $11,462 b. $22,925 c. $24,500 d. $12,250

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