Cavern Buffet Industries issues bonds with a $7\%$ coupon rate and $$1000$ face value. Interest is paid semi$-$annually and the bond has $18$ years to maturity. However, the bond does not pay the first two coupon payments and instead makes these payments at maturity. If investors require a $15\%$ return, what is the bond's value?

A$)$ $$1,161\mathrm{.}81$

B$)$ $$3,034\mathrm{.}73$

C$)$ $ $698\mathrm{.}80$

D$)$ $ $448\mathrm{.}48$

The answer is D$)448\mathrm{.}48$$$.$ Please explain how to get this WITHOUT EXCEL, just use formulas or financial calculator. Please explain your steps! thanks :$))$