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! Required information [ The following information applies to the questions displayed below. ] PowerTap Utilities is planning to issue bonds with a face value

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PowerTap Utilities is planning to issue bonds with a face value of $1,300,000 and a coupon rate of 7 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. PowerTap uses the effective-interest amortization method. Assume an annual market rate of interest of 8 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
Note: Use appropriate factor(s) from the tables provided.
3. What amount of cash should be paid to investors June 30 and December 31 of this year?
\table[[,June 30,December 31],[Cash paid,,
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