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LaTanya Corporation is planning to issue $ 1 6 0 , 0 0 0 , five - year, 6 percent bonds. Interest is payable semi

LaTanya Corporation is planning to issue $160,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on July 1, year 1; they mature on June 30, year 6. Use Table 8C.1, Table 8C.2.
Required:
Compute the issue (sale) price on July 1, year 1, if the market interest rate is: (Round time value factor to 4 decimal places. Round the final answers to the nearest dollar amount.)
\table[[,,Issue price],[(a),6 percent,$,160,000,],[(b),5 percent,,],[(c),7 percent,,]]
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