Brief Exercise $9-21($Static$)$ Calculate the issue price of bonds $($LO$9-7)$

Ultimate Butter Popcorn issues $7\%,15-$year bonds with a face amount of $$60,000.$ The market interest rate for bonds of similar risk and maturity is $8\%.$ Interest is paid semiannually.

At what price will the bonds issue? $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)($Use appropriate factor$($s$)$ from the tables provided. Do not round interest rate factors.$)$