A company issues $\backslash (8\backslash \%\backslash )$ bonds with a par value of $\backslash (\backslash$$ $40,000\backslash )$ at par on January $1.$ The market rate on the date of issuance was $\backslash (7\backslash \%\backslash ).$ The bonds pay interest semiannually on January $1$ and July $1.$ The cash paid on July $1$ to the bondholder$($s$)$ is:

Multiple Choice

$\backslash$$$3,200.$

$\backslash$$$2,800.$

$\backslash$$$1,600.$

$\backslash$$$1,400.$

$\backslash$$$0.$