Use the following tables to calculate the present value of a $301,000 @ 6%, 5-year bond that pays $18,060 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 Periods 5 % 6% 7% 10 % Periods 5 % 6% 7% 10 % 1 .95238 .94340 93458 90909 1 95238 94340 93458 90909 2 90703 .89000 87344 .826451 2 1.85941 1.83339 1.80802 1.73554 3 .86384 83962 81630 .751311 3 2.72325 2.67301 2.62432 2.48685 4 .82270 .79209 .7629068301 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 6 5.07569 4.91732 4.76654 4.35526 7 -71068 .66506 .62275 .51316 7 5.78637 5.58238 5.38929 6.86842 8 67684 62741 58201 .466511 8 6.46321 6.20979 5.97130 5.33493 9 61461 .59190 .54393 424101 9 7.10782 6.80169 6.51523 5.75902 10 .61391 55839 50835 38554 10 7.72173 7.36009 7.02358 6.14457 o