Como Company borrowed $5,200 from its bank. Como will repay $8,000 in five years. What is the approximate interest rate that Como will incur on this loan assuming annual compounding? Use the future value of $1 table. Excerpt of Future Value of $1 Table Periods 7% 107000 1.14490 1.22504 1.31080 1.40255 1.50073 8% 1.08000 1.16640 125971 1.36049 1.46933 1.58687 9% 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 A zero-interest bond pays $700,000 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 OWN 0.9615 0.9246 0.889 0.8548 0.8219 0.7903 0.7599