Canter Corp. purchased five $1,0005% bonds of Voltgo Corporation when the market rate of intorest was 12%. Interost is paid semiannualy, and the bonds wit mature in six yean. Using the PV function in Excel 8, compute the peice Canter paid (the peesent value) for the bont investment. (Assume that al payments of interest and principal occur at the end of the period your antwor to the nearest cent)