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Starlight Drive-Ins borrowed money by issuing $3,000,000 of 11% bonds payable at 94.5. Interest is paid semiannually. Requirements 1. How much cash did Starlight receive

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Starlight Drive-Ins borrowed money by issuing $3,000,000 of 11% bonds payable at 94.5. Interest is paid semiannually. Requirements 1. How much cash did Starlight receive when it issued the bonds payable? 2. How much must Starlight pay back at maturity? 3. How much cash interest will Starlight pay each six months

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