On January 1, 2024, Oriole Co. issued eight-year bonds with a face value of $5700000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:

Present value of 1 for 8 periods at 10% 0.46651

Present value of 1 for 8 periods at 12% 0.40388

Present value of 1 for 16 periods at 5% 0.45811

Present value of 1 for 16 periods at 6% 0.39365

Present value of annuity for 8 periods at 10% 5.33493

Present value of annuity for 8 periods at 12% 4.96764

Present value of annuity for 16 periods at 5% 10.83777

Present value of annuity for 16 periods at 6% 10.10590

The present value of the interest is Select answer from the options below

$2880182.

$3088764.

$2831555.

$3040910.