Savvy Drive$-$Ins borrowed money by issuing $$3,500,000$ of $9\%$ bonds payable at $99\mathrm{.}5.$ Interest is paid semiannually.

Requirements

How much cash did Savry receive when it issued the bonds payable?

How much must Savry pay back at maturity?

How much cash interest will Savvy pay each six months?

Requirement $1.$ How much cash did Savvy receive when it issued the bonds payable?

Amount of cash Savvy received when the bonds payable were issued $=$