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Spiller Corporation plans to issue 10%,9-year, $420,000 par value bonds payable that pay Interest semlannually on June 30 and December 31. The bonds are dated
Spiller Corporation plans to issue 10%,9-year, $420,000 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 PVA of Note: Use approprlate 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
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