Mike Derr Company expects to earn $8\%$ per year on an investment that will pay $$606,000$ six years from now. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

Compute the present value of this investment.

On January $1,$ a company agrees to pay $$28,000$ in seven years. If the annual interest rate is $2\%,$ determine how much cash the company can borrow with this agreement. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

Tom Thompson expects to invest $$14,000$ at $10\%$ and, at the end of a certain period, receive $$53,165.$ How many years will it be before Thompson receives the payment? $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

Bill Padley expects to invest $$13,000$ for $6$ years, after which he wants to receive $$17,421\mathrm{.}30.$ What rate of interest must Padley earn? $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

Mark Welsch deposits $$7,400$ in an account that earns interest at an annual rate of $12\%,$ compounded quarterly. The $$7,400$ plus earned interest must remain in the account $1$ years before it can be withdrawn. How much money will be in the account at the end of $1$ years? $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

Spiller Corporation plans to issue $8\%,9-$year, $$550,000$ par value bonds payable that pay interest semiannually on June $30$ and December $31.$ The bonds are dated January $1$ of the current year and are issued on that date. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: 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 $6\%$ on the date of issue, what will be the total cash proceeds from the bond issue?