Question: March 2 , 2 0 2 2 , 2 0 - year, 3 percent, general obilgation serial bonds were issued at the face amount of

March 2,2022,20-year, 3 percent, general obilgation serial bonds were issued at the face amount of $3,000,000. Interest of 3 percent per annum is due lannually on March 1 and September 1. The first payment of $150,000 for redemption of princlpal is due on Merch 1,2023. Fiscal year-end occurs on December What is the interest expenditure in the governmental funds for the fiscal year ending December 31,2022?
Mutiple Choice
$45,000
$67,500
$75,000
None of the options are correct
March 2 , 2 0 2 2 , 2 0 - year, 3 percent,

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