EF-4B (similar to) Quimby Corp. purchased five $1,000 8% bonds of Solar Corporation when the market rate of interest was 10%. Interest is paid semiannuall in five years. Using the PV function in Excel, compute the price Quimby paid (the present value) for the bond investment. (Assume that all payments of i the end of the period. Round your answer to the nearest cent.) Quimby paid on the bond investment