Question: 1. Barton, Inc. issued $200,000, 10%, 15 year bonds when the market interest rate was 8%. The bonds pay interest semiannually. What would be the

1. Barton, Inc. issued $200,000, 10%, 15 year bonds when the market interest rate was 8%. The bonds pay interest semiannually. What would be the amount of each semiannual interest payment?

2. Martin Corporation issued $500,000, 4%, 14 year bonds at 107. Mathia pays interest and amoritzes any discount or premium semiannually. What will be the amount of interest expense recorded at the time of each semiannual interest payment?

Please show me equations to understand! Thanks.

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