calculate the bond issue price under each market interest rate.

round your answers to the nearest whole number.

Use a financial calculator.

I need step by step explanation plus answer thanks .

Chapter 7 AP-6B Take me to the text tof A company issued $1,200,000 worth of 15-year bonds with a 3% interest rate. Interest is to be paid annually. The band issue date is January 1, 2020 and the company has a year-end of December 31. Calculate the bond issue price under each market interest rate. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number For bond calculations, use the PV tables at the end of Chapter 7 textbook or use a financial calculator Market Interest Rate Bond Price 2% $ 3% S 4% $