On the first day of the fiscal year, a company issues a$6,900,000, 6%, 8-year bond that pays semiannual interest of$207,000 ($6,900,000 ? 6% ? ),

On the first day of the fiscal year, a company issues a$6,900,000, 6%, 8-year bond that pays semiannual interest of$207,000 ($6,900,000 � 6% � ½), receiving cash of $5,737,275.Using straight-lin 1 answer