On August 1, 2014, Bonnie purchased $5,500 of Huber Company's 14%, 13-year bonds at face value. Huber Company has paid the semiannual interest due on the bonds regularly. On August 1, 2022, market rates of interest had fallen to 12%, and Bonnie is considering selling the bonds. Use the present value tables (Table 6-4 and Table 6-5)

Required: Calculate the market value of Bonnies bonds on August 1, 2022. Note: Round your PV factors to 4 decimal places. Round your answer to 2 decimal places.