On January 1, 2024, 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 7,306,0181 430,000 438,361 8,361 7,314,3792 430,000 438,863 8,863 7,323,2423 430,000 439,395 9,395 7,332,6374 430,000 439,958 9,958 7,342,5955 430,000 440,556 10,556 7,353,1516 430,000 441,189 11,189 7,364,340~ ~ ~ ~ ~~ ~ ~ ~ ~~ ~ ~ ~ ~38 430,000 502,207 72,207 8,442,32739 430,000 506,540 76,540 8,518,86740 430,000 511,133 81,133 8,600,000Required:What is the face amount of the bonds?What is the initial selling price of the bonds?What is the term to maturity in years?Interest is determined by what approach?What is the stated annual interest rate?What is the effective annual interest rate?What is the total cash interest paid over the term to maturity?What is the total effective interest expense recorded over the term to maturity?