Rounding all calculations to the nearest whole dollar,what is the interest expense for the six-month period ending June 30,2019?

A) $24,000.
B) $24,789.
C) $20,000.
D) $20,658.

Semiannually

Occurring twice a year, typically used in the context of payments, interest accruals, or reporting periods.

Effective-interest Method

A method of amortizing bond discounts or premiums that reflects the constant rate of interest over the life of the bond with respect to its carrying value at the beginning of each interest period.

Interest Expense

Represents the cost incurred by an entity for borrowed funds, reflecting the interest payments on debt obligations during a reporting period.