A company issues 6%, 5 year bonds with a par value of $800,000 and semiannual interest payments. On the issue date, the annual market rate of interest is 8%. Compute the issue (selling) price of the bonds. The following information is taken from present value tables: 
Definitions:
Desired Goal
An objective or outcome that an individual aims to achieve or reach.
Donald Hebb
Canadian psychologist best known for his work in the field of neuropsychology and his proposal that neurons that fire together, wire together.
William James
A pioneering American psychologist and philosopher known for his theories in pragmatism and functionalism.
Cognitive Psychologist
A type of psychologist who studies how people perceive, think, understand, and remember information, often focusing on processes such as learning, memory, and problem-solving.
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