5. Use the following 11% interest factors. 7 periods 8 periods 9 periods Present Value of Ordinary Annuity 4.71220 5.14612 5.53705 Future Value of Ordinary Annuity 9.78327 11.85943 14.16397 What amount should be recorded as the cost of a machine purchased December 31, 2017, which is to be financed by making 8 annual payments of $23700 each beginning December 31, 2018? The applicable interest rate is 11%. A. $131227 B. $281069 C. $165900 D. $121963 6. John won a lottery that will pay him $580000 at the end of each of the next twenty years. Zebra Finance has offered to purchase the payment stream for $8630400. What interest rate (to the nearest percent) was used to determine the amount of the payment? A. 4% B. 3% C. 6% D. 5% 7. (Computation of Bond Prices) What would you pay for a $100,000 debenture Bond that matures in $15 years and pays $5000 a year in interest if you want to earn a yield of 6%