Superb Drive$-$Ins borrowed money by issuing $$2,500,000$ of $8\%$ bonds payable at $96\mathrm{.}5.$ Interest is paid semiannually.

Requirements

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

How much must Superb pay back at maturity?

How much cash interest will Superb pay each six months?

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

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