Cullumber Corp. issued $$620,000$ of $3-$year, $4\%$ bonds on May $1,2024.$ The market interest rate when the bonds were issued was $8\%.$

Interest is payable quarterly.

a$.$ What is the number of interest payments that will be made over the life of the bond?

b$.$ How much interest will be paid each period?

C$.$ Determine the price of the Bond