Lalanya Corporation is planning to issue bonds with a face value of $104,000 and a coupon rate of 6 percent. The bonds mature in seven years. Interest is paid annually on December 31. All of the bonds will be sold on January 1 of this year. (FV of $1, PV of $1, EVA Of $1, and FVA of $1)

Note: Use appropriate factors from the tables provided.

Required:

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

1. Case A: Market interest rate (annual): 6 percent.
2. case b: Market interest rate annual: 4 percent.
3. Case C: Market interest rate (annual): 7 percent.

Complete this question by entering your answers in tabs below:

Compute the issue (sales) price on January 1 of this year for the following independent case: Case A: Market interest rate (annual): 6 percent. (Round your intermediate calculations and final answer to whole dollars.)

Compute the issue (sales) price on January 1 of this year for the following independent case: Case B: Market interest rate (annual): 4 percent. (Round your intermediate calculations and final answer to whole dollars.)

Compute the issue (sales) price on January 1 of this year for the following independent case: Case C: Market interest rate (annual): 7 percent. (Round your intermediate calculations and final answer to whole dollars.)