On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:

Payment		Cash Payment		Effective Interest		Increase in Balance		Outstanding Balance
								5,802,315
1		332,000		348,139		16,139		5,818,454
2		332,000		349,107		17,107		5,835,561
3		332,000		350,134		18,134		5,853,695
4		332,000		351,222		19,222		5,872,917
5		332,000		352,375		20,375		5,893,292
6		332,000		353,598		21,598		5,914,890
~		~		~		~		~
~		~		~		~		~
~		~		~		~		~
38		332,000		471,377		139,377		7,995,654
39		332,000		479,739		147,739		8,143,393
40		332,000		488,607		156,607		8,300,000

Required: 1. What is the face amount of the bonds? 2. What is the initial selling price of the bonds? 3. What is the term to maturity in years? 4. Interest is determined by what approach? 5. What is the stated annual interest rate? 6. What is the effective annual interest rate? 7. What is the total cash interest paid over the term to maturity? 8. What is the total effective interest expense recorded over the term to maturity?