(Answered) You purchase 3000 bonds with a par value of 1000 for 985

Finance

You purchase 3,000 bonds with a par value of $1,000 for $985 each. The bonds have a coupon rate of 7.5 percent paid semiannually and mature in 10 years. How much will you receive when the bonds mature?

(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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