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A company issued $$1,260,000$ worth of $14-$year bonds with a $5\%$ interest rate. Interest is to be paid annually. The bond issue date is January $1,2023$ and the company has a year$-$end of December $31.$

Calculate the bond issue price under each market interest rate.

Do not enter dollar signs or commas in the input boxes.

Round your answers to the nearest whole number.

For bond calculations, use the PV tables at the end of Chapter $7$ textbook or use a financial calculator.

Market Interest Rate Bond Price

$4\%$ $Answer

$5\%$ $Answer

$6\%$ $Answer