Present Value of $1 Present Value of an n 3% 5% 6% 10% 12% 3% 5% 6% 10% 12% 1 97087 95238 94340 90909 89286 5 86261 78353 74726 62092 56743 6 83748 74622 70496 56447 50663 10 74409 61391 55839 38554 32197 12 70138 55684 49697 31863 25668 97087 95238 94403 90909 89286 4.579714.32948 4.21236 3.79079 3.60478 5.41719 5 07569 4.91732 4.35526 4.11141 8 53020 7.72173 7 36009 6.14457 5.65022 9.95400 8.86325 8 38384 6.81369 6.19437 McDougal Company sold a $500,000, 5-year, 9% APR bond issued on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31 The effective rate is 10% APR. What was the selling price of the bonds at January 1, 2020? $483,770 $483,847 $477.707 $480,695