If a business issues a $100,000 face value, 5 year, 10% contract rate bonds dated January 1st and Interest is payable semiannually each December 31....

If a business issues a $100,000 face value, 5 year, 10% contract rate bonds dated January 1st and Interest is payable semiannually each December 31. and the bonds were issued at a premium of $2000. 

How would I figure out how to divide this by the year. Do I do 10% x 100,000 divided by 5. and would I minus the $2000 dollars first.