Spiller Corp. plans to issue 8%, 9-year, $570,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2011, and are issued on that date. (UseTable B.1 and Table B.3)

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? (Round "PV Factor" to 4 decimal places. Round your intermediate and final answer to the nearest dollar amount. Omit the "$" sign in your respone.)

Tables: http://i.imgur.com/EmR301c.jpg

http://i.imgur.com/GGaJkrb.jpg