Company XYZ has decided to issue Bonds t$$ raise money for renovation of a building. The number of bonds issued is $500$ and the face value of each bond is $$1,000.$ These are ten year bonds and interest of $8\%$ will be paid annually. The bonds are issued on $1/1/2024.$ Because of market fluctuations in the interest rate, the $8\%$ rate is no longer attractive. Therefore, the bonds were issued at $97.$ What is the total amount of cash received at the issue date?

$$ $$480\mathrm{.}000$

$$500,000$

$$485\mathrm{.}000$

$$97\mathrm{.}000$