Problem 14-4 Bond amortization schedule [LO14-2) On January 1, 2018, Tennessee Harvester Corporation issued debenture bonds that pay interest semlannually on June 30 and December 31. Portions of the bond amortization schedule appear below 280,000293,611 280,000 280,000295,293 280,000 296,211 280,000297,18 280,000 298,215 13,611 14,428 15,293 16,211 17,184 18,215 4,907,129 294,428 4,953,061 4,970,245 4.988,46o 38 39 40 280,000397,547 280,000404, 600 280,000 412,072 117,547 124,600 132,072 6,867,928 7,000,000 1. What is the face amount of the bonds? 2. What is the initial selling price of the bonds? 3. What is the term to maturity in years? 4. Interest is determined by what approach? 5. What is the stated annual interest rate? 6. What is the effective annual interest rate? 7. What is the total cash interest paid over the term to maturity? 8. What is the total effective interest expense recorded over the term to maturity? 7. What is the total cash interest paid over the term to maturity? 8. What is the total effective interest expense recorded over the term to ma 1. Face amount 2. Initial selling price 3. Term to maturity 4. Interest is determined by what approach? 5. Annual interest rate 6. Effective annual interest rate 7. Total cash interest paid years Effective interest expense