Exercise B-12 Present value of bonds LO P1, P3 Spiller Corp. plans to issue 8%, 9-year, $470,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1. FV of $1. PVA of $1. and FVA of 51 (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 6% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: Cash Flow Table Value Amount Present Value Present (maturity) value Interest (annuity) Total cash proceeds Exercise B-14 Interest rate on an investment LO P4 Algoe expects to invest $2,100 annually for 15 years to yield an accumulated value of $48,879.60 on the date of the last investment For this to occur what rate of interest must Algoe ear? (PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Annuity Payment Table Factor interest Rate %