Saved Help Save & Exit Sub Check my wor On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay Interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Cash Effective Increase in Outstanding Payment Payment Interest Balance Balance 5,802,315 332.000 348, 139 16,139 5,818,454 332,000 349, 107 17,107 5,835,561 332,000 350,134 18,134 5,853, 695 332,000 351, 222 19,222 5,872,917 332,000 352,375 20,375 5,893, 292 332,000 353,598 21,598 5,914,890 1 2 3 4 38 39 40 332,000 332.000 332,000 471,377 479,739 488,607 139, 377 147,739 156,607 7.995,654 8,143,393 8,300,000 Required: 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? 38 39 40 332,000 332,000 332.000 471,377 479,739 408,607 139,377 147,739 156,607 7.995,654 8,143,393 8,300,000 Required: 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? 1. z. 3. yeon Face amount Initial selling price Term lo maturity Interest is delermined by what approach? Annual interest rate Effective annual interest rate Total cash interest paid Effective interest expense % 5. 6 X N 8 MacBook Pro