Hello, I would need so help with an explanation if possible. I am at my third attempt but I just don't understand how to do it.

Metlock Enterprises issued 4%, 8-year, $2,050,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 6%. 8 years with 6%:

future value: 1.59385

future value of annuity: 9.89747

present value: 0.62741

present value of annuity: 6.20979

What cash proceeds did Metlock receive from issuance of the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to the nearest whole dollar, e.g. 5,275.)

Thank in advance