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Spiller Corp. plans to issue 8%, 9-year. $520,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are

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Spiller Corp. plans to issue 8%, 9-year. $520,000 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 Si. FV of $1. PVA of $1 and EVA 5.1) (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? Table Values are Based on: n- Cash Flow Table Value Amount Present Value Present maturity) value Interest (annuity) Total cash proceeds

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