Nbspas one of the individuals worried about our planets


 As one of the individuals worried about our planet's future, you have invested in $10, 600 of CleanTech, a photovoltaics venture, bonds a month ago(the par value was $10, 600). The bonds mature in 33 years and yield a 1.5% payment to you every three months (i.e. nominal interest rate is 6%, and you will receive $159 every quarter). Similar investment options has experienced an interest rate increment up to a total of 7% APR since then. Keeping this in mind, what is the value of bonds in your hand at the moment (considering the interest rate of 7%)? The value of bonds in your hand is at the moment. (Round to the nearest dollar.) 

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