Question: A company issues $ 1 7 1 0 0 0 0 0 , 5 . 8 % , 2 0 - year bonds to yield

A company issues $17100000,5.8%,20-year bonds to yield 6% on January 1,2024. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16704737.40. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024?
$1002372
$991800
$495900
$1002441
A company issues $17100000,5.8%,20-year bonds to yield 6% on January 1,2024.

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