Sanders, Incorporated issues bonds dated January $1$ that pay interest semiannually on June $30$ and December $31.$ The bonds have a $$360,000$ par value and an annual contract rate of $9\%,$ and they mature in $10$ years.

Required:

Using the PV function, compute the bonds' issue price on January $1$ assuming:

The market rate at the date of issuance is $7\%.$

The market rate at the date of issuance is $9\%.$

The market rate at the date of issuance is $10\%.$ Sanders, Incorporated issues bonds dated January $1$ that pay interest semiannually on June $30$ and December $31.$ The bonds have a $\backslash (\backslash$$ $360,000\backslash )$ par value and an annual contract rate of $\backslash (9\backslash \%\backslash ),$ and they mature in $10$ years.

a$.$ Using the PV function, compute the bonds' issue price on January $1$ if the market rate at the date of issuance is $\backslash (7\backslash \%\backslash ).$

b$.$ Using the PV function, compute the bonds' issue price on January $1$ if the market rate at the date of issuance is $\backslash (9\backslash \%\backslash ).$

C$.$ Using the PV function, compute the bonds' issue price on January $1$ if the market rate at the date of issuance is $\backslash (10\backslash \%\backslash ).$