Required information

P$10-2($Static$)$ Reporting Bonds Issued at Par LO $10-2$

$[$The following information applies to the questions displayed below.$]$

On January $1$ of this year, Nowell Company issued bonds with a face value of $$100,000$ and a coupon rate of $8$ percent. The bonds mature in five years and pay interest semiannually every June $30$ and December $31.$ When the bonds were sold, the annual market rate of interest was $8$ percent. $($FV of $$1,$ PV of $$1,$ FVA of $$1.$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

P$10-2$ Part $1$

Required:

What was the issue price on January $1$ of this year?

Note: Round your intermediate calculations and final answer to nearest whole dollar amount.

Issue price