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Spiller Corporation plans to issue 6%,9-year, $550,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated

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Spiller Corporation plans to issue 6%,9-year, $550,000 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) Note: 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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