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HELP!!! 9 Spiller Corp. plans to issue 8%, 7-year, $540,000 par value bonds payable that pay Interest semiannually on June 30 and December 31. The
HELP!!!
9 Spiller Corp. plans to issue 8%, 7-year, $540,000 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 $1) (Use approprlate 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? 4 points Table Values are Based on: eBook COT Hint Cash Flow Table Value Amount Present Value $ 540,000 Present (maturity) value Interest (annuity) Total cash proceeds Print ReferencesStep by Step Solution
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