Question: Can you please answer the solutions with excel formula? Not getting the right formula and not sure why. Spiller Corporation plans to issue 1 0

Can you please answer the solutions with excel formula? Not getting the right formula and not sure why.
Spiller Corporation plans to issue 10%,15-year, $500,000 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. If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue?
Can you please answer the solutions with excel

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