A Florida state savings bond can be converted to $1,000 at maturity 9 years from now. If the state bonds are to be competitive with U.S. savings bonds, which pay 5% interest compounded annually, at what price will the state's bonds sell? At what price would the bond sell if U.S. savings bonds were paying 7% interest compounded annually? Compare your answers. If U.S. savings bonds were paying 5% interest compounded annually, the current price, PV, of the state bonds is $. (Round to the nearest cent.) P4A.13 (similar to) Question Help Consider the streams of income given in the following table: a. Find the present value of each income stream, using a discount rate of 3%, then repeat those calculations using a discount rate of 8%. b. Compare the calculated present values and discuss them in light of the fact that the undiscounted total income amounts to $34,000 in each case. a. The present value of income stream A, using a discount rate of 3% is $: (Round to the nearest cent.) Income Stream End of Year A $10,000 $7,000 $8,000 $9,000 $8,000 2 3 $9,000 $10,000 $7,000 4 $34,000 $34,000 Total (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Print Done