Simmons Corporation issues $$300,000$ in serial bonds with a stated interest rate of $4\%.$ The effective interest rate is $6\%.$ The bonds have a term of $3$ years and $$100,000$ of principal is repaid at the end of each year. Which of the following is the correct issuance price for the bonds?

Answer choices:

a$.$ $$300,000$

b$.$ $$294602$

c$.289,101$

d$.$ $$283,962$

e$.290,000$