Use the following information for questions.issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31.The bonds were sold to yield 8%.Table values are: 
-The present value of the interest is
Definitions:
Right-to-work Laws
Legislation that prohibits unions from requiring union membership as a condition of employment.
Union Membership
The status of being a member of a labor union, which is an organization that represents workers' interests to employers, particularly concerning wages and working conditions.
Wage
The price paid for the use or services of labor per unit of time (per hour, per day, and so on).
Salary Workers
Individuals who receive a fixed regular payment, often monthly, from their employer, regardless of the number of hours worked.
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