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Calculator Use the following tables to calculate the present value of a $245,000 @ 5%, 5-year bond that pays $12,250 interest annually, if the market rate of interest is 10%. Round to the nearest dollar. Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% ! Periods 5% 6% 7% 10% 95238 94340 93458 90909 1 95238 94340 93458 .90909 2 9070389000 87344 82645 : 2 1.85941 1.83339 1.80802 1.73554 2 263848396281630 75131 : 3 2.72325 2.67301 2.62432 2.49695 82270 79209 76290 68301 3.54595 3.46511 3.38721 3.16987 78353 747267129962092 4.32948 4.21236 4.10020 3.79079 74622 7049656634 56447 5.07569 4.91732 4.76654 4.35526 71068 6650562275 51316 5.78637 5.58238 5.38929 4.86842 67684.62741 58201 460511 6.46321 6.20979 5.97130 5.33493 54461 5910054393424101 7.10782 6.80169 6.51523 5.75902 10 .61391 5583950835 38354 10 7.72173 7.360097.02258 6.14457