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Bringham Company issues bonds with a pay value of 650,000. The bonds mature in 5 years and pay a 6% annual interest in semiannual payments.

Bringham Company issues bonds with a pay value of 650,000. The bonds mature in 5 years and pay a 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%.

1. Compute the price of the bonds as of their issue date.

2. Prepare the journal entry to record the bonds' issuance.

(Specifically I am struggling in figuring out what table value I am supposed to multiply with the amounts)

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