Use the following tables to calculate the present value of a $309,000 @ 5%, 5-year bond that pays $15,450 interest annually, if the market rate of interest is 10%. 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 .87344 .82645 : 2. 1.85941 1.83339 1.80802 1.73554 86384 .83962 .81630 75131 3. 2.72325 2.67301 2.62432 2.48685 4 82270 79209 76290 .68301 3.54595 3.46511 3.38721 3.16987 78353 74726 71299 .62092: 5n 4.32948 4.21236 4.10020 3.79079 6. 74622 70496 66634 56447: 6. 5.07569 4.91732 4.76654 4.35526 .71068 .66506 .62275 .51316 : 7. 5.78637 5.58238 5.38929 4.86842 .67684 .62741 .58201 46651 6.46321 6.20979 5.97130 5.33493 .64461 .59190 54393 42410 : 7.10782 6.80169 6.51523 5.75902 10 61391 55839 50835 38554 : 10 7.72173 7.36009 7.02358 6.14457