Ultimate Butter Popcorn issues $5\%,10-$year bonds with a face amount of $$40,000.$ The market interest rate for bonds of similar risk and maturity is $4\%.$ Interest is paid semiannually.

At what price will the bonds issue? $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)($Use appropriate factor$($s$)$ from the tables provided. Do not round interest rate factors. Round "Market interest rate" to $1$ decimal place.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$Bond Characteristics,Amount$],[$Face amount,$$,40,000],[$Interest payment,$$,1,000*$