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Brinkman Corp. purchased ten $9,000,5% bonds of Voltgo Corporation when the market rate of interest was 4%. Interest is paid annually on the bonds, and

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Brinkman Corp. purchased ten $9,000,5% bonds of Voltgo Corporation when the market rate of interest was 4%. Interest is paid annually on the bonds, and the bonds will mature in eight years. (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of Annuity of $1 table.) Requirement Compute the price Brinkman paid (the present value) on the bond investment. Brinkman paid $ on the bond investment. (Hold all decimals for interim calculations, round your final answer to the nearest whole dollar.) \begin{tabular}{|l|l|l|l|l|l||l||l|l|l|l|} \hline 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline 2 & 0.925 & 0.907 & 0.890 & 0.873 & 0.857 & 0.826 & 0.797 & 0.769 & 0.743 \\ 3 & 0.889 & 0.864 & 0.840 & 0.816 & 0.794 & 0.751 & 0.712 & 0.675 & 0.641 \\ 4 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 \\ \hline 5 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 \\ 6 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 \\ 7 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 \\ 8 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 \\ 9 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 \\ 10 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 \\ 11 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.350 & 0.287 & 0.237 & 0.195 \\ 12 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.319 & 0.257 & 0.208 & 0.168 \\ 13 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.290 & 0.229 & 0.182 & 0.145 \\ 14 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.263 & 0.205 & 0.160 & 0.125 \\ 15 & 0.555 & 0.481 & 0.417 & 0.362 & 0.315 & 0.239 & 0.183 & 0.140 & 0.108 \\ 16 & 0.534 & 0.458 & 0.394 & 0.339 & 0.292 & 0.218 & 0.163 & 0.123 & 0.093 \\ 17 & 0.513 & 0.436 & 0.371 & 0.317 & 0.270 & 0.198 & 0.146 & 0.108 & 0.080 \\ \hline 18 & 0.494 & 0.416 & 0.350 & 0.296 & 0.250 & 0.180 & 0.130 & 0.095 & 0.069 \\ 19 & 0.475 & 0.396 & 0.331 & 0.277 & 0.232 & 0.164 & 0.116 & 0.083 & 0.060 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|} 18 & 0.494 & 0.416 & 0.350 & 0.296 & 0.250 & 0.180 & 0.130 & 0.095 & 0.069 \\ 19 & 0.475 & 0.396 & 0.331 & 0.277 & 0.232 & 0.164 & 0.116 & 0.083 & 0.060 \\ 20 & 0.456 & 0.377 & 0.312 & 0.258 & 0.215 & 0.149 & 0.104 & 0.073 & 0.051 \\ \hline \end{tabular} \begin{tabular}{|l||c||c|c|c|c|c||c||c||l||l|} \hline 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ 2 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.736 & 1.690 & 1.647 & 1.605 \\ 3 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.487 & 2.402 & 2.322 & 2.246 \\ 4 & 3.630 & 3.546 & 3.465 & 3.38 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 \\ 5 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.791 & 3.605 & 3.433 & 3.274 \\ 6 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 \\ 7 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 \\ 8 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.335 & 4.968 & 4.639 & 4.344 \\ 9 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.759 & 5.328 & 4.946 & 4.608 \\ 10 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 \\ 11 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.495 & 5.938 & 5.453 & 5.029 \\ 12 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 6.814 & 6.194 & 5.660 & 5.197 \\ 13 & 9.986 & 9.394 & 8.853 & 8.358 & 7.904 & 7.103 & 6.424 & 5.842 & 5.342 \\ 14 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.367 & 6.628 & 6.002 & 5.468 \\ 15 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 7.606 & 6.811 & 6.142 & 5.575 \\ 16 & 11.652 & 10.838 & 10.106 & 9.447 & 8.851 & 7.824 & 6.974 & 6.265 & 5.669 \\ 17 & 12.166 & 11.274 & 10.477 & 9.763 & 9.122 & 8.022 & 7.120 & 6.373 & 5.749 \\ 18 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.201 & 7.250 & 6.467 & 5.818 \\ 19 & 13.134 & 12.085 & 11.158 & 10.336 & 9.604 & 8.365 & 7.366 & 6.550 & 5.877 \\ \hline \end{tabular} \begin{tabular}{l|l|l|l|l|l|l|l|l|l||l||c|} 18 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.201 & 7.250 & 6.467 & 5.818 \\ 19 & 13.134 & 12.085 & 11.158 & 10.336 & 9.604 & 8.365 & 7.366 & 6.550 & 5.877 \\ 20 & 13.590 & 12.462 & 11.470 & 10.594 & 9.818 & 8.514 & 7.469 & 6.623 & 5.929 \\ \hline \hline \end{tabular}

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