Ayayai Inc. issues $$1,800,000$ of $7\%$ bonds due in $10$ years with interest payable at year$-$end. The current market rate of interest

for bonds of similar risk is $8\%.$

Click here to view factor tables.

What amount will Ayayai receive when it issues the bonds? $($For calculation purposes, use $5$ decimal places as displayed in the factor

table provided and final answer to $0$ decimal places, e$.$g$.458,581.)$

Amount received by Ayayai when bonds were issued $