X2 issued cafiable bonds on January 1, 2021. The bonds-pay Interest annually on December 31 each year X2's accountant has projected the following amortization schedule from issuance untit maturity Interest Cash Paid Expense Date Decrease in Carrying Value Carrying 01/01/2021 12/31/2021 12/31/2022 Value $117,760 $7,010 $7,066 5 844 116,916 7,910 7,015 895 116,021 12/31/2023 7,910 6,901 949 115,072 12/31/2024 7,910 0,904 1,006 114,066 12/31/2025 7,910 6,844 1,066 113,000 What is the annual stated interest rate on the bonds? Mungle Choice 6% 36%