On January 1 of Year 1, Congo Express Airways issued $3,150,000 of 5%, bonds that pay Interest semiannually on January 1 and July 1. The band issue price is $2,841.293 and the market rate of interest for similar bonds is 6%. The bond premium or discount is being amortized using the straight-line method at a rate of $10,290 every six months. The life of these bonds is: 06 Multiple Choice 30 years 32 years 35 years 28 years