Mondue corporation issued bonds in the amount of $550,000 that will be paid in 10 years. Interest of $16500 is payable semiannually each June 30 and December 31 with the first interest payment at the end of the period on June 30, 2019. If the market rate of interest is 8%, what is the amount of the bond issue proceeds?

Round to nearest cent and use excel if possible.

The Bond issue proceeds are $_________-