On January 1 of Year 1, Congo Express Airways issued $3,750,000 of 8%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,444,583 and the market rate of interest for similar bonds is 9%. The bond premium or discount is being amortized using the straight-line method at a rate of $10,181 every six months. The life of these bonds is: Multiple Choice 15 years. 26 years. 35 years. 30 years. 32 years