Calculator Use the following tables to calculate the present value of a $509,000 6 % , 5-year bond that pays $30,540 interest annually, if the market rate of interest is 7%. Round to the nearest dollar. Present Value of Annuity of $1 Present Value of $1 7 % 10 % Periods 5 % 6 % 7% 10 % Periods 6 % 5 % 90909 94340 93458 95238 90909 1 94340 .93458 ,95238 1 1.73554 1.85941 1.83339 1.80802 2 82645 : .90703 89000 87344 2 2.48685 2.62432 2.72325 2.67301 .83962 3 81630 75131 .86384 3 3.16987 3.54595 3.46511 3.38721 .68301 .79209 76290 82270 4 4.10020 3.79079 4.21236 4.32948 5 .74726 .71299 .62092 78353 4.35526 4.76654 4.91732 6 5.07569 70496 .66634 56447 74622 6 4.86842 5.58238 5.38929 5.78637 7 ,62275 51316 ,66506 71068 5.33493 5.97130 6.20979 46651 6.46321 58201 ,62741 67684 6.51523 5.75902 7.10782 6.80169 9 54393 42410 59190 .64461 7.02358 6.14457 7.72173 7.36009 10 50835 38554 .55839 ,61391 10