Use the Following Information for Questions 19-20

Multiple Choice

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.