A

$24,000,

8.1%

bond redeemable at par is purchased

12.5

years before maturity to yield

7.2%

compounded

semi-annually.

If the bond interest is payable

semi-annually,

what is the purchase price of the bond?The purchase price of the bond is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)