Use the following tables to calculate the present value of a $605,000 S%, 6-year bond that pays $30,250 interest annually, if the market rate of interest is 6% 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 3 66384 83962 B1630 175131 3 2.72325 2.67303 2.62432 2.48685 4 82270 79209 76290 683011 4 3.54595 3.46511 3.38721 3.16987 5 28353 .74726 .71299 .62092 5 4.32948 4.21236 4.10020 3.79079 6 174622 -70496 .66634 56447 6 5.07569 4.91732 4.76654 4.35526 7 71068 66506 .62275 51316 7 5.78637 5.58238 5.38929 4.86542 B .67684 .62741 58201 46651 B 6.46321 6.20979 5.97130 5.33493 9 .64461 59190 54393 42410 9 7.10782 6.80169 6.51523 5.75902 10 .61391 55839 50635 38554 10 7.72173 7.36009 7.02358 6.14457