Kalani Corporation is planning to issue bonds with a face value of $$502,500$ and a coupon rate of $6$ percent. The bonds mature in $7$ years and pay interest semiannually every June $30$ and December $31.$ All of the bonds will be sold on January $1$ of this year. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

Compute the issue $($sales$)$ price on January $1$ of this year for each of the following independent cases:

Case A: Market interest rate $($annual$)$: $4$ percent.

Case B: Market interest rate $($annual$)$: $6$ percent.

Case C: Market interest rate $($annual$)$: $8\mathrm{.}5$ percent.