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Spiller Corporation plans to Issue 10%,5-year, $440,000 par value bonds payable that pay Interest semlannually on June 30 and December 31. The bonds are dated

image text in transcribed Spiller Corporation plans to Issue 10%,5-year, $440,000 par value bonds payable that pay Interest semlannually 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 approprlate factor(s) from the tables provlded. 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

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