Using a financial calculator, solve for the unknowns in each of the following situations.

(b) On January 1, 2021, Cullumber Corporation purchased 200 of the $1,000 face value, 6% coupon, 10-year bonds of Sterling Inc. The bonds mature on January 1, 2031, and pay interest annually beginning January 1, 2022. Cullumber purchased the bonds to yield 8.80%. How much did Cullumber pay for the bonds? (Round answer to 2 decimal places, e.g. 25.25.)

Cullumber paid for the bonds

$enter the amount paid for the bonds in dollars rounded to 2 decimal places