Spiller Corporation plans to issue $8\%,7-$year, $$570,000$ 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?