On January $1,2024,$ Tableau Company issues $$20$ million of $9\%$ bonds, due in eight years, with interest payable semiannually on June $30$ and December $31$ each year. Use a financial calculator or Excel.

Required:

$1.$ If the market rate is $8\%,$ will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.

$2.$ If the market rate is $9\%,$ will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.

$3.$ If the market rate is $10\%,$ will the bonds issue at face amount, a discount, or a premium? Calculate the issue price.

$($Do not round intermediate calculations. Round final answer to the nearest dollar amount. Enter your answer in dollars, not in millions.$)$