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Spiller Corporation plans to Issue 6%, 9-year, $430,000 par value bonds payable that pay interest semlannually on June 30 and December 31 . The bonds
Spiller Corporation plans to Issue 6%, 9-year, $430,000 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 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 4% on the date of Issue, what will be the total cash proceeds from the bond Issue
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