$33$ Stealth Fitness Center issues $7\%,6-$year bonds with a face amount of $$200,000.$ The market interest rate for bonds of similar risk and

maturity is $6\%.$ Interest is paid semlannually.

Required:

At what price will the bonds be issued? Use a financial calculator or Excel $($Do not round intermediate calculations. Round final

answer to the nearest dollar amount.$)$

$3$

points

Issue price