$12$A$.$ On December $31,2025,$ when the market interest rate is $12\%,$ Derrick Corporation issues $$260,000$ of $10\%,8-$year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance.

Liew the Present Value of $$1$ table

View the Future Value of $$1$ table.

View the Present Value of Ordinary Annuity of $$1$ table.

View the Future Value of Ordinary Annuity of $$1$ table.

Start by calculating the present value of the principal. $($Enter factor amounts to three decimal places, $xxxxx.)$

Value $$ Factor $1=$ PV of principal