On December$31,2024,$ when the market interest rate is $10\%,$ McCann Realty issues $ $500000$ of $7\mathrm{.}25\%,10-$year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. $($Round all currency amounts to the nearest whole$$ dollar.$)$

LOADING...$($Click the icon to view Present Value of$$ $$1$ table.$)$ LOADING...$($Click the icon to view Present Value of Ordinary Annuity of$$ $$1$ table.$)$

LOADING...$($Click the icon to view Future Value of$$ $$1$ table.$)$ LOADING...$($Click the icon to view Future Value of Ordinary Annuity of$$ $$1$ table.$)$

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Part $1$

The present value of the bonds at issuance amounts to