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