1. Determine the amount of cash a company would pay for a bond investment if the face amount of the investment is $650,000, the stated rate is 8%, and the term of the bond is 4 years. The prevailing market rate is 9%. Use Present Value table of $1.

2. Determine the amount of cash a company would pay for a bond investment if the face amount of the investment is $480,000, the stated rate is 12%, and the term of the bond is 6 years. The prevailing market rate is 10%. Use Present Value table of $1.