Sandhill Corporation is about to issue $1,100,000 of 8-year bonds that pay a 6% annual interest rate, with interest payable semi- annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Sandhill expect to receive for the sale of these bonds? Of the variables listed in the dropdown, choose the variable being calculated? Present value eTextbook and Media Fill in the remaining variables in the table that follows. (Round rate to 1 decimal place, e.g. 25.5%.) Financial Calculator or Tables Variable Present value Future value Interest rate Amount of annuity payment PV FV 1 PMT Excel PV FV Rate $ PMT $ Variable Present value Future value Interest rate Amount of annuity payment Number of periods eTextbook and Media Financial Calculator or Tables PV FV 1 PMT N Excel PV FV $ Rate PMT Nper $ Calculate the proceeds from the sale of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, eg. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.