Stockman Corp. purchased fifteen $1,000 7% bonds of Geotherm Corporation when the market rate of interest was 10%. Interest is paid semiannually, and the bonds will mature in four years. Using the PV function in Excel, compute the price Stockman paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.) Stockman paid $ on the bond investment