PLEASE HELP :) ! Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 7% and the term is for 5 years.
What is the amount of interest paid?

A $2,100
B $420
C $21,000
D $30,000

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?