Exercise B-12 (Algo) Present value of bonds LO P1, P3 Spiller Corporation plans to issue 10%, 9-year, $550,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1. FV of . PVA of S1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value to 4 decimal places and final answers to nearest whole dollar) if the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: Cash Flow Tablo Value Amount Prosent Value Present (maturity) value Interest (annuity) Total cash proceeds