Swifty Corporation issues $550,000 of 10% bonds that are due in 11 years and pay interest semi-annually. At the time of issue, the market rate for such bonds is 8%. Using time value of money tables, a financial calculator, and computer spreadsheet functions, calculate the bonds issue price. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 5,275.)