Determining Bond Selling Price

Calculate the bond selling price for the following three separate scenarios.

a$.33$M Corp. authorized and issued $$100,000,6\%,20-$year bonds payable on January $1.$ Calculate the selling price of the bonds if the bonds pay cash

interest semiannually on July $1$ and January $1,$ and the market rate on similar bonds is $8\%.$

b$.33$M Corp. authorized and issued $$250,000,7\%,10-$year bonds payable on January $1.$ Calculate the selling price of the bonds if the bonds pay cash

interest semiannually on July $1$ and January $1,$ and the market rate on similar bonds is $6\%.$

c$.33$M Corp. issued $$75,000,5\%,10-$year bonds payable on March $31$ of Year $1.$ The bonds were authorized on January $1$ of Year $1.$ Calculate the selling

price of the bonds $($including interest$)$ if the bonds pay cash interest annually on January $1,$ and the market rate on similar bonds is $6\%.$

Note: Round answers to the nearest whole dollar.

a$.$ $ $80,207$

b$.$ $ $268,597$

c$.$ $ $69,479$