McNeil Corporation issued $700,000 of 6%, 10-year bonds payable on January 1,2022 TR6 Markot Here! 30 and December 31). McNeil Corporation's year-end is June 30 Read the requirements. 1. Using the PV function in Excel, calculate the issue price of the bonds (Round your answer to the nearest whole dollar) The issue price of the bonds is McNeil Corporation issued $700,000 of 6%, 10-year bonds payable on January 1, 2022. The market interest rate at the date of issuance was 4%, and the bonds pay interest semiannually (on June 30 and December 31). McNell Corporation's year-end is June 30. Read the requirements 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar) The issue price of the bonds is