J&J Enterprises wants to issue eighty $20-$year, $$1,000$ zero$-$coupon bonds. If each bond is to yield $8\%,$ how much will J&J receive $($ignoring issuance costs$)$ when the bonds are first sold?

Question $11$Select one:

a$.$

$$17,164$

b$.$

$$12,393$

c$.$

$$18,880$

d$.$

$$20,000$

e$.$

$$11,212$