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A $30,000 bond has annual coupons and is redeemable at the end of fourteen years for $22,700. It has a base amount equal to $18,220

A $30,000 bond has annual coupons and is redeemable at the end of fourteen years for $22,700. It has a base amount equal to $18,220 when purchased to yield 2%. Find its base amount if it were purchased to yield 7%. (Round your answer to the nearest cent.)

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