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The following factors from the present value tables may be of use when answering the next 2 questions: Present value of $1.00 4% 5% 6% 5 periods 10 periods 0.7473 0.8219 0.7835 0.5584 0.6756 0.6139 Present value of an Annuity of $1.00. 4% 5% 6% 5 periods 4.4518 4.3295 4.2124 10 periods 8.1109 7.7217 7.3601 7. An investor wishes to have $1,000 available in five years. How much should be invested today, if the current interest rate is 5 percent (round to the nearest dollar)? A) $784 ) S614 C) $433 D) $772 8. On January 1, 2015, Sawyer Company issued $100,000 of its 10 year bonds payable to generate cash for expansion. The bonds will retire in 10 years, and have a stated rate of 5 percent. Interest will be paid annually each December 31, starting December 31, 2015 The market rate is 4%, what amount of cash would Sawyer receive at issue (round to nearest whole dollar)? A) $100,000 B) $108,115 C) $67,560 D) $92,277 9. Z company retires a $70 million bond issue when the carrying value of the bonds is $65 million, but the market value of the bonds is $74 million. Z company will record the retirement as: A) A debit of $9 million to Loss due to early extinguishment. B) A credit of $9 million to Gain due to early extinguishment C) No gain or loss on retirement D) A debit to Cash for $74 million