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On January 1, 2020, TigerKing Corp. issued $950,000 face value, 7%, 5 year bonds. The bond interest is paid on June 30 and December 31.

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On January 1, 2020, TigerKing Corp. issued $950,000 face value, 7%, 5 year bonds. The bond interest is paid on June 30 and December 31. The bonds solu for $874.829. When the bonds were sold, the effective rate of interest was 9%. Under the effective-interest method, what formula would you use to calculate total interest expense? PMTn (PMTn) - Original Discount (PMT ) + Original Discount PMTn) - Original Premium (PMTn) Original Premium

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