Steven Jacobs is considering a bond investment in the Northeast Technology Company. The $1,025 bonds have a quoted annual interest rate of 5 percent, and the interest is paid semi-annually. The yield to maturity on the bonds is 6 percent annually. There are 10 years to maturity. Compute the price of the bonds. Use Appendix B and Appendix D. Round "PV Factor" to 3 decimal places. Do not round other intermediate calculations. Round the final answer to 2 decimal places