On May $1,2024,$ Joe purchased $$140,000$ in zero$-$coupon bonds that mature on May $1,2044.$ The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at $10\%.$ Interest compounds annually.On May $1,2024,$ Joe purchased $$140,000$ in zero$-$coupon bonds that mature on May $1,2044.$ The bonds pay no Interest

during the perlod of time they are outstanding. The interest rate for such borrowings is at $10\%.$ Interest compounds

annually.

Note: Use tables, Excel, or a financlal calculator. Enter your answer rounded to the nearest whole dollar. $($FV of $$1,$

PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Calculate the price Joe pald for the bonds.