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Use the Following Information for Questions 19-20

question 47

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Use the following information for questions 19-20.
On January 1, 2020, Cotton Corp. issued eight-year, 3% bonds with a face value of $ 600,000, with interest payable semi-annually on June 30 and December 31. The bonds were sold to yield 4%. Table values are: Use the following information for questions 19-20. On January 1, 2020, Cotton Corp. issued eight-year, 3% bonds with a face value of $ 600,000, with interest payable semi-annually on June 30 and December 31. The bonds were sold to yield 4%. Table values are:   -The present value of the interest is A)  $ 122,202. B)  $ 126,360. C)  $ 127,179. D)  $ 131,850.
-The present value of the interest is

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