Use the following tables to calculate the present value of a $625,000 5%, 5-year bond that pays $31,750 interest annually, the market rate of interest is 10%. Round to the nearest dollar Present Value of $1 ! Periods 5 % 6% 7 % 10 % 1 Periods Present Value of Annuity of $1 5 % 6% 7% 95238 94340 93458 10 % 1 .95238 94340 90909 1 193458 .87344 .90909 1.73554 2 90703 89000 .82645 2 1.85941 1.83339 1.80802 3 .86384 83962 81630 175131 3 2.72325 2.67301 2.62432 3.38721 2,48685 3.16987 4 79209 -76290 .68301 4 3.54595 3.46511 5 82270 .78353 74622 .62092 5 4.32948 4.21236 3.79079 .74726 70496 71299 166634 4.10020 4.76654 6 .56447 6 5.07569 4.91732 4.35526 7 -513161 7 5.58238 4.86842 .71068 .67684 .66506 62741 59190 .62275 58201 5.78637 6.46321 5.38929 5.97130 8 46651 B 6.20979 5.33493 9 64461 54393 42410 9 7.10782 6.80169 6.51523 5.75902 10 .61391 55839 50835 38554 10 7.72173 7.36009 7.02358 6.14457