2,500 Bonds with a Term of Five Years, and a Coupon

Multiple Choice

2,500 bonds with a term of five years, and a coupon rate of 7%, compounded annually, with payments once a year, and a face value of $1000, were issued November 1. What is the total amount that the company will have paid out at the bonds maturity?

A) $5,032,125
B) $3,375,000
C) $1,623,866
D) $3,587,675
E) $1,232,125