Compute the selling price of 8.00%, 15-year bonds with a par value of $340,000 and semiannual interest payments. The annual market rate for these bonds is 6.00%. Use present value Table B.1 and Table B.3 in Appendix B.

Note: Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount.

cash flow	table value	present value
$340,000 par(maturity) value
$13,600 interest payment
price of bond	--------