Why is the answer 2693035?

At the beginning of January, 2019, Dallas Company issued bonds with a face value of $2,500,000. These bonds have a stated interest rate of 12%, pay interest semiannually on June 30 and December 31, and mature on December 31, 2023. On the day of issue the market rate for these bonds was 10%. What are the proceeds from the bond issue? Round your answer to the nearest whole dollar. Answer: The correct answer is: 2693035