If a company issues a $$1,000$ bond with an interest rate of $2$ percent and a maturity date of $2040,$ how much interest does the company pay and for how long?

Multiple choice question.

$$20$ at the bond's issuance and $$20$ at the bond's maturity

$$2$ interest each year until a specific date in $2040$ when the bond must be paid in full

$$20$ each year until a specified date in $2040$ when the bond must be paid in full.

A total of $$1,000$ payable in regular intervals from the bond's issuance until $2040$