Spiller Corporation plans to issue $10\%,8-$year, $$600,000$ par value bonds payable that pay interest semiannually on June $30$ and

December $31.$ The bonds are dated January $1$ of the current year 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?