Spiller Corp. plans to issue $10\%,10-$year, $$460,000$ par value bonds payable that pay interest semiannually on June $30$ and December

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

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 $8\%$ on the date of issue, what will be the total cash proceeds from the bond issue?