On January 1, 2017, Swifty Corporation issued eight-year bonds with a face value of $5910000 and a stated interest rate of 4%, payable semiannually on June 30 and December 31. The bonds were sold to yield 6%. Table values are:

Present value of 1 for 8 periods at 4%0.731Present value of 1 for 8 periods at 6%0.627Present value of 1 for 16 periods at 2%0.728Present value of 1 for 16 periods at 3%0.623Present value of annuity for 8 periods at 4%6.733Present value of annuity for 8 periods at 6%6.210Present value of annuity for 16 periods at 2%13.578Present value of annuity for 16 periods at 3%12.561

The present value of the principal is

$4320210.

$3681930.

$3705570.

$4302480.