Use the following tables to calculate the present value of a 5354,000 5%, 5-year bond that pays $17,700 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 59 69% 7% 10% Periods 5% 6% 79 109 1 95238 94340 93458 90909 1 95238 94340 93458 90909 2 90703 B9000 87344 82645 2 1.85941 1.83339 1.30802 1.73554 3 86384 83962 81630 75131 3 2.72325 2.67301 2.62432 2.48685 4 82270 79209 .76290 58301 4 3.54595 3.46511 3.38721 3.16957 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 21068 266506 62275 51316 7 5.78637 5.58238 5.38929 4.86842 67684 62741 58201 46651 8 6.46321 6 20979 5.97130 5.33493 9 54461 59190 54393 42410 9 7.10782 6.80169 6.51523 5.75902 10 61391 1.55839 SOB35 38554 10 7.72173 736009 7.02358 6.14457