Question $3$

Eli Inc. issued $$100,000$ of $8\%$ annual, $5-$year bonds for $$103,000.$

What is the total amount of interest expense over the life of the bonds? $40000$

Question $4$

Evie Inc. issued $50$ bonds with a $$1,000$ face value, a five$-$year life, and a stated annual

coupon of $6\%$ for $$980$ each.

What is the total amount of interest expense over the life of the bonds? ${15000}_{?}$

Answer both please!