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Whispering Inc. issues $3,200,000 of 7% bonds due irm 0 years with interest payable at year-end. The current market rate of interest for bonds of

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Whispering Inc. issues $3,200,000 of 7% bonds due irm 0 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. Click here to view factor tables. What amount will Whispering receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, eg. 458,581.) Amount received by Whispering when bonds were issued

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