14-5A Calculating the issue price using business calculator PV function LO4 Part 1 On April 1, 2020, ET Inc. has available for issue $248,000 bonds due in four years. Interest at the rate of 6.0% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Market interest Issue Price of the Bonds Rate 7% a. b. 6% c. 5% Part 2 On October 1, ET Inc. has available for issue a $298,000 bond due in eight years. Interest at the rate of 4.0% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Market Interest issue Price of the Rate 3% Bonds a. b. 4% C. 4.75%