On January 1, 2015, MNO Company issued $10,000 of 8%, 12 year bonds for $9,632 cash. The bonds are dated January 1, 2018, and pay interest annually each December 31. The market rate of interest on the bonds is 8.5% on the issue date. How much would cash paird for interest on December 31, 2018 be? O $768 O $800 O $816 $850

On January 1,2015 , MNO Company issued $10,000 of 8%,12 year bonds for $9,632 cash. The bonds are dated January 1, 2018, and pay interest annually each December 31 . The market rate of interest on the bonds is 8.5% on the issue date. How much would cash paird for interest on December 31, 2018 be? $768 $800 $816 $850