TABLE 2 Present Value of $1 PV= $1 (1 + i)" n/i 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 6.0% 7.0% 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 6 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 7 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 9 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 31 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 0.67556 0.64393 0.61391 0.58543 0.55839 0.50835 0.53391 0.49447 0.45811 0.42458 0.51337 0.47318 0.43630 0.40245 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.59627 0.56447 0.53464 0.50663 0.54703 0.51316 0.48166 0.45235 0.50187 0.46651 0.43393 0.40388 0.50025 0.46043 0.42410 0.39092 0.36061 0.46319 0.42241 0.38554 0.35218 0.32197 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.37512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.33348 0.29157 0.25509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 0.04849 0.03738 0.30832 0.26700 0.23138 0.20064 0.17411 0.13137 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 4.0% 4.5% 5.0% 5.5% 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.92456 0.91573 0.90703 0.89845 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.88900 0.87630 0.86384 0.85161 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.85480 0.83856 0.82270 0.80722 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.82193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 0.83333 0.69444 0.57870 0.48225 0.40188 0.63017 0.58349 0.33490 0.27908 0.23257 0.19381 0.16151 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.62460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.60057 0.56427 0.53032 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.55526 0.51672 0.48102 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.13459 0.11216 0.09346 0.07789 0.06491 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.25025 0.21199 0.17986 0.15282 0.13004 0.23171 0.19449 0.16351 0.13768 0.11611 0.21455 0.17843 0.14864 0.12403 0.10367 0.05409 0.04507 0.03756 0.03130 0.02608 0.02174 0.01258 0.01048 0.00607 0.00506 0.09938 0.07537 0.05731 0.04368 0.03338 0.09202 0.06915 0.05210 0.03935 0.02980 0.04603 0.03184 0.02209 0.01538 0.01075 0.00421 0.00351 0.00068 On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $104 million. The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 7%. (Round your final answers to nearest whole dollar amount.) Table values are based on: n = 30 = 7% Cash Flow Amount Present Value Interest Principal Price of bonds