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Spiller Corporation plans to issue 8 % , 7 - year, $ 5 8 0 , 0 0 0 par value bonds payable that pay

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Spiller Corporation plans to issue 8%,7-year, $580,000 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 6% on the date of issue, what will be the total cash proceeds from the bond issue?
\table[[Table Values are Based on:,,],[,,,],[,,,],[Cash Flow,Table Value,Amount,Present Value],[Present (maturity) value,,,],[Interest (annuity),,,],[Total cash proceeds,,,]]
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