A zerointerest bond pays $500,000 in seven years. What amount would you be willing to pay to acquire the bond today if you want to earn a return of approximately 4%? Use the present value of $1 table shown below. (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Excerpt of Present Value of $1 Table Periods 4% 1 0.9615 2 0.9246 3 0.889 4 0.8548 5 0.8219 6 0.7903 7 0.7599

A. $379,950 B. $480,750 C. $360,000 D. 427,400