1 1 Use the following tables to calculate the present value of a $338,000 @ 6%, 5-year bond that pays $20,280 interest annually, if the market rate of interest is 7. Round to the nearest dolar Present Value of $1 Present Value of Annuity of $1 Periods 5 % 6 % 7 % 10 % Periods 5 % 6% 7 % 10% .95238 .94340 .93458 .90909 95238 94340 93458 .90909 2 .90703 .89000 .87344 .82645 2 1.85941 1.83339 1.80802 1.73554 3 86384 .83962 .81630 .75131 3 2.72325 2.67301 2.62432 2.48685 4 .82270 .79209 .76290 .68301 4 3.54595 3,46511 3.38721 3.16987 5 .78353 .74726 .71299 .62092 5 4.32948 4.21236 4.10020 3.79079 .74622 6 .70496 66634 56447 6 5.07569 4.91732 4.35526 4.76654 .71068 51316 5.38929 .62275 7 66506 7 5.58238 5.78637 4.86842 6.46321 8 6 20979 5.33493 .46651 58201 5.97130 8 .67684 .62741 7.10782 9 6.80169 5.75902 6.51523 9 .64461 7.72173 7.36009 7.02358 6.14457 10 .38554 10 50835 55839 .61391 .5919054393 by 42410