On January 1, a company issues 8%, 5 year, $300,000 bonds that pay interest semiannually each June 30 and December 31. On the issue date, the annual market rate of interest is 6%. Compute the price of the bonds on their issue date. The following information is taken from present value tables: 
Definitions:
Effector
An organ, gland, or muscle capable of responding to a stimulus, especially a nerve impulse.
Mixed Nerve
A nerve containing both afferent (sensory) and efferent (motor) nerve fibers, allowing it to transmit signals in both directions between the brain and various parts of the body.
Facial
Pertaining to the face, involving structures, muscles, or expressions associated with the facial region.
Cervical Plexus
A network of nerves in the neck that supplies motor and sensory nerves to the neck, shoulder, and upper chest area.
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