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help me please ! Spiller Corporation plans to issue 8%,7-year, $400,000 par value bonds payable that pay interest semiannually on June 30 and December 31.
help me please !
Spiller Corporation plans to issue 8%,7-year, $400,000 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 S1. FV of \$1. 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 6% on the date of issue, what will be the total cash proceeds from the bond issue Step by Step Solution
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