Savvy Drive-Ins borrowed money by issuing $2,000,000 of 11% bonds payable at 95.5. Interest is paid semiannually Requirements 1. How much cash did Savvy receive when it issued the bonds payable? 2. How much must Savvy pay back at maturity? 3. 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 = Requirement 2. How much must Savvy pay back at maturity? At maturity, Savvy must pay back Requirement 3. How much cash interest will Savvy pay each six months? Every six months, Savvy will pay interest of