Question: riverbed inc isues $ 2 , 4 0 0 , 0 0 0 of 7 % bonds due in 1 0 years with interest payable

riverbed inc isues $2,400,000 of 7% bonds due in 10 years with interest payable at year-end. the current market rate of interest for bonds of similar risk is 11%.
what amount will riverbed receive when it issues the bonds? (for calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to 0 decimal places, e.g.458,581.)

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