Question: For this question, you need to use the Time Value Factors tables you've used throughout the class. Do not round the factors. Assume annual interest

For this question, you need to use the Time Value Factors tables you've used throughout the class. Do not round the factors. Assume annual interest rates and annual compounding and choose the answer closest to your calculation. Lopes Inc. issued bonds with a face value of $300,000 on January 1, Year1. The bonds have a 10-year maturity. The bonds will pay annual interest at 5% at the end of every year. On the date the bonds were issued, the market rate of interest was 4%. What will be the issue price of the bonds?

A. $324,332

B. $276,834

C. $202,668

D. $318,630

E. $300,000

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