Answer
Issue price: $468,845$
Work Step by Step
Present value of principal:
$500,000 \times0.37689 = 188,445$
(0.3769 from present value of 1 table)
Interest payment, semiannual:
$500,000\times \frac{6}{12} \times 0.09 = 22,500$
Present value of interest payments
$22,500\times 12.4622 = 280,400$
(12.4622 from present value of an ordinary annuity table)
Issue price: $188,445 + 280,400 = 468,845$
