Use the following tables to calculate the present value of a $468,000 @ 6%, 5-year bond that pays $28,080 Interest annually, If the market rate of interest Is 7%. Round to the nearest dollar, Present Value of $1 1 Present Value of Annuity of $1 5 % 6 % 7 % Periods 5 % 6 % 7 % 10 % Periods 10 % 1 1 .95238 .94340 .93458 .90909 I 1 1 .95238 .94340 .93458 .90909 2 90703 .89000 .87344 .826451 2 1.85941 1.83339 1.80802 1.73554 3 .86384 .83962 .81630 .75131 H 3 2.72325 2.67301 2.62432 2.48685 4 .82270 .79209 .76290 .68301 4 3.54595 3.46511 3.38721 3.16987 5 .78353 .74726 .71299 .62092 5 4.32948 4.21236 4.10020 3.79079 6 .74622 .70496 .66634 .56447 H 6 5.07569 4.91732 4.76654 4.35526 7 .71068 66506 .62275 .51316 7 5.78637 5.58238 5.38929 4.86842 8 .67684 .62741 .58201 H 8 6.46321 6.20979 5.97130 5.33493 .46651 .42410 9 .64461 .59190 .54393 9 7.10782 6.80169 6.51523 5.75902 10 .61391 .55839 .50835 38554 10 7.72173 7.36009 7.02358 6.14457