Cullumber Corporation is about to issue $1,200,000 of 9-year bonds that pay a 6% annual interest rate, with interest payable semi- annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Cullumber expect to receive for the sale of these bonds? Of the variables listed in the dropdown, choose the variable being calculated? Future value Interest rate Number of periods Amount of annuity payment Present value