Ultimate Butter Popcorn issues 7%, 15-year bonds with a face amount of $60,000. The market interest rate

Question:

Ultimate Butter Popcorn issues 7%, 15-year bonds with a face amount of $60,000. The market interest rate for bonds of similar risk and is 8%.
Interest is paid semiannually. At what price will the bonds issue?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...