Downing Company issues $$5,000,000,6\%,5-$year bonds dated January $1,2020$ on January $1,2020.$ The bonds pay interest semiannually on June $30$ and December $31.$ The bonds are issued to yield $5\%.$ What are the proceeds from the bond issue?

$\backslash$table$[[,2\mathrm{.}5\%,3\mathrm{.}0\%,5\mathrm{.}0\%,6\mathrm{.}0\%$