A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time in the future when it matures$$no interest payments are made.

A zero coupon bond with a face value of $$$$22,000$ matures in $20$ years. What should the bond be sold for now if its rate of return is to be $2\mathrm{.}4\%$ compounded semiannually$?$

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Part $1$

A fair price to buy the bond at would be $$$enter your response here.

$($Round to the nearest cent as$$ needed.$)$