Bill Padley expects to invest $7,000 for 4 years, after which he wants to receive $9,175.60. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Future value	+-/x	present value		table factor	interest rate
			=		%

Bill deposits $6,900 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,900 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

present value	+-/x	table factor		total accumulation
			=

Bill plans to issue 6%, 8-year, $480,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 4% on the date of issue, what will be the total cash proceeds from the bond issue?

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cash flow	table value	amount	present value
present (maturity) value
interest (annuity)
total cash proceeds	n/a	n/a