riverbed inc isues $$2,400,000$ of $7\%$ bonds due in $10$ years with interest payable at year$-$end. the current market rate of interest for bonds of similar risk is $11\%.$

what amount will riverbed receive when it issues the bonds? $($for calculation purposes, use $5$ decimal places as displayed in the factor table provided and final answer to $0$ decimal places, e$.$g$.458,581.)$