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On January 1, 2019, Estimate Inc. issued 5-year bonds with a face value of $100,000 and an annual stated interest rate of 8%. Interest payments

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On January 1, 2019, Estimate Inc. issued 5-year bonds with a face value of $100,000 and an annual stated interest rate of 8%. Interest payments are made semi-annually on June 30th and December 31st. The bonds were issued for $108,530, when the market rate of interest was 6%. How much interest does Estimate Inc. pay on June 30, 2019

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