Barmwoll Corp. purchased fen $1,0004% bonds of Solar Corporation when the market rale of interest was 12%. Interest is poid semiannually, and the bonds will. mature in six years. Using the PV function in Excef" compuite the price Barmwell paid (the present valuo) for the bond investment (Assume that all poyrnents of interest and principal occur at the end of the period. Round your answor to the nearest cent.)