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Blossom inc. issues $3,400,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of

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Blossom inc. issues $3,400,000 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 10%. Click here to view factor tables. What amount will Blossom 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, eg. 458,581.). Amount received by Blossom when bonds were issued

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