Question
Question Content Area Use the following tables to calculate the present value of a $799,000 @ 5%, 6-year bond that pays $39,950 interest annually, if
Question Content Area Use the following tables to calculate the present value of a $799,000 @ 5%, 6-year bond that pays $39,950 interest annually, if the market rate of interest is 6%. 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 % 1 .95238 .94340 .93458 .90909 1 .95238 .94340 .93458 .90909 2 .90703 .89000
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
8th Edition
0073379417, 978-0073379418
