Use the following tables to calculate the present value of a $750,000 @ 5%, 6-year bond that pays $37,500 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 6% 94340 790 1000 : Periods Periods 590 6 % 590 7 % 10% 95238 95238 .94340 .93458 .909091 90703 .89000 .87344.826452 86384 .83962 .81630 .751313 82270 .79209 .76290 .683014 78353 .74726.71299 .620925 74622 .70496 .66634 .564476 71068 .66506 .62275 .513167 67684 .62741 .58201 466518 64461 .59190 .54393 .424109 90909 1.85941 1.83339 1.80802 1.73554 2.72325 2.67301 2.62432 2.48685 3.54595 3.46511 3.38721 3.16987 4.32948 4.21236 4.10020 3.79079 5.07569 4.91732 4.76654 4.35526 5.78637 5.58238 5.38929 4.86842 6.46321 6.20979 5.97130 5.33493 7.10782 6.80169 6.51523 5.75902 61391 .55839.50835 .38554107.72173 7.36009 7.02358 6.14457 93458 4 8 10 750,003