Ivanhoe Company issued 10%, 8-year, $ 2,782,400 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 8%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Ivanhoe receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.)

Cash proceeds from issuance of the bonds

$ enter cash proceeds in dollars rounded to 0 decimal places

TABLE 1 Future Value of 1 Periods 4% 5% 6% 7% 8% 9% 10% -11% 12% 15% 0 1.00000 100000 100000 1000001.000001.00000 100000 1.00000 1.00000 1.00000 1 1.04000 105000 106000 107000 1.08000 109000 1.10000 1.11000 1.12000 1100 2 1.08160 025 1.12360 1.14490 1166401.18810 121000 1.23210 1.25440 1.32250 3 1.12486 1.15763 1.19102 1.225041.259711.29503 1.33100 1.36763 1.40493 1.52088 4 1.16986 1.2155 126248 131080136049 141158 146410 151807 1.57352 1.74901 5 1.21665 1.27628 1.33823 40255 146933 1.53862 1.61051 168506 1.76234 2.01136 6 1.26532 .34010 141852 1.50073 1.58687 167710 1.77156 1.8704197382 2.31306 7 .31593 1.40710 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 2.66002 8 1.36857 147746 1.59385 1.718191.850934 1.992562.14359 2.30454 2.47596 3.05902 9 1.42331 1.55133 1.68948 1.83846 199900 2.171892.35795 2.55803 2.773083.51788 10 1.48024 1.62889 179085 96715 2.158922.36736 2.59374 2.83942 3.10585 4.04556 11 1.53945 1.71034 1.89830 2.104852.331642.58043 2.35312 3.15176 3.47855 4.65239 12 1.60103 1.79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 13 1.66507 1.88565 2.13293 240985 2.719623.06581 345227 3.88328 4.363496.15279 14 1.73168 197993 2.26090 2.57853 2.937193.341733.79750 4.31044 4.88711 707571 15 180094 2.07893 2.39656 2.75903 3.17217 3.64248 4.12725 4.78459 5,473578.13706 16 1.87298 2.18287 2.54035 2.95216 3.425943.97031 4.59497 5.310896.130399.35762 17 1.94790 2.29202 2.69277 3,15882 3.700024.32763 5.05447 5.895096.86604 110.76126 18 2.02582 2.40662 2.85434 3.37993 3.996024.717125.559926.54355 7.6899712.37545 19 2.10685 2.52695 3.02560 3.61653 4.31570 514166 6.11591 7.26334 8.61276 14.23177 20 2.19112 2.65330 3.207143.86968 4.66096 5.604416.72750 8.062319.64629 16.36654 TABLE 2, Future Value of an Annuity of 1 Payments 4% 5% 6% 7% 8% 9% 10% 590 , 690 11% 12% 15% 1.00000 1.000001.000001.00001.000001.000001.000001.00000 100000 1.00000 2.04000 2.05000 2.06000 2.07002 08000 2.09000 2.10000 2.11000 2.12000 2.15000 3.12160 3.15250 3.18360 3.2149 3.246403.278103.31000 3.34210 3.37440 347250 MacBook Air es