Please show the steps and every formula used. What would you pay for a $$75,000$ bond that matures in $15$ years and pays $$7,500$ a year in interest $($compounded annually$),$ if the market interest rates are the following: $($round to the nearest one$)$

Hint: calculate the present value of the bond using the market rate of interest listed below. a$.8\%$

b$\mathrm{.}10\%$

c$.12\%$