Pharoah College is about to issue $1.02 million of 10-year bonds that pay a 6% annual interest rate, with interest payable semi- annually. Calculate the issue price of these bonds if the market interest rate is (a) 5%, (b) 6%, and (c) 7%. (For calculation purposes, use 5 decima places as displayed in the factor table provided. Round final answer to O decimal places, eg. 5,275.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Market interest rate 5% $ $ (b) Market interest rate 6% (c) Market interest rate 7% $ Save for later Attempts: 0 of 1 used Submit