Question: Please show how to solve this. the selected answer is correct. thank you! Ch12: A company issues $30,000,000 face value of five-year bonds dated 1

Please show how to solve this. the selected answer is correct. thank you!

Ch12: A company issues $30,000,000 face value of five-year bonds dated 1 January 2015 when the market interest rate on bonds of comparable risk and terms is 5%. The bonds pay 4% interest annually on 31 December. Based on the effective interest rate method, the carrying amount of the bonds on 31 December 2015 is closest to: $28,466,099$28,800,000$28,936,215

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