Round the final answers to 2 decimals. Do not round intermediate calculations.

Please include the formula if there is any and the process through which you get the answers for the questions providing a text box. These are an important part of grades. For example, for a question computing the number of periods, you can report t = -ln[1-6400/205*1.5%]/ln(1+1.5%) = 42.43 months or =NPER(1.5%,-205,6400) = 42.43 months.

Deltona Motors just issued 20,000 semi-annual coupon bonds. These bonds mature in 20 years, have a par value of $1,000, and have a yield to maturity of 8%. The coupon rate is 10%. What is the total amount of money the company raised from issuing these bonds?