Ann Nichols is considering a bond investment in the Southwest Technology Company. The $$1,000$ bonds have a quoted annual interest rate of $8$ percent, and the interest is paid semiannually. The yield to maturity on the bonds is $9$ percent annually. There are $16$ years to maturity.

Compute the price of the bonds. $($Use a excel to arrive at the answers. Do not round intermediate calculation. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Price of the bonds $