On April 1^st of the current fiscal year, a publicly-traded company issued 2,000 bonds each with a maturity value of $10,000 for a total maturity value of $20,000,000. They received a total of $18,600,000. Every bond sold for the same price. The stated annual interest rate for the bonds is 4% and interest is to be paid semi-annually on September 30^th and March 31^st. The bonds mature 10 years from the issue date. The issuing company uses the straight-line method of amortization and their fiscal year ends on December 31st.

1. An investor purchased five bonds each with a maturity value of $10,000 on April 1, the issue date. Not including any transaction costs, how much did the investor pay for the purchase of the five bonds?