Use the following tables to calculate the present value of a $685,000 @ 6%, 6-year bond that pays $41,100 interest annually, if the market rate of interest is 7%. Round to the nearest dollar. Present Value of $1 Present Value of Annuity of $1 5 % 6 % 7 % Periods 5 % 6 % 7% 10 % Periods 10 % 1 .95238 .94340 93458 .90909 1 .95238 .94340 .90909 93458 .87344 2. .82645 .90703 2 1.83339 1.85941 1.80802 1.73554 .89000 .83962 3 .86384 2.48685 .81630 2.72325 .75131 2.67301 2.62432 4 .76290 4 3.38721 .82270 3.46511 3.16987 3.54595 .68301 .79209 .74726 .71299 5 4.32948 5 3.79079 4.21236 .62092 4.10020 .78353 6 .70496 4.35526 .66634 6 5.07569 56447 .74622 4.91732 4.76654 5.38929 7 5.78637 .62275 4.86842 5.58238 7 .51316 .71068 .66506 .62741 8 8 .58201 5.33493 .67684 6.46321 6.20979 .46651 .42410 5.97130 6.51523 9 7.10782 6.80169 5.75902 9 .64461 .54393 .59190 10 .50835 7.72173 .38554 7.36009 10 7.02358 .61391 .55839 6.14457