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Use the following tables to calculate the present value of a $528,000 @ 6%, 5-year bond that pays $31,680 Interest annually, if the market rate
Use the following tables to calculate the present value of a $528,000 @ 6%, 5-year bond that pays $31,680 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 5 % 6% 7% Periods 5 % 6 % 7% 10 % 10% Periods 1 .95238 .94340 93458 .90909 93458 1 95238 94340 1.83339 .90703 89000 2 .87344 2 1.85941 -82645 2.67301 3 3 .83962 .81630 86384 82270 2.72325 3.54595 -75131 .68301 .620921 90909 1.73554 2.48685 3.16987 3.79079 4.35526 4 3.46511 .79209 4 .76290 71299 5 4.32948 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 5.97130 4.21236 5 78353 .74726 .66634 6 56447 .74622 6 70496 66506 5.07569 5.78637 7 4,86842 4.91732 5.58238 6.20979 7 71068 .62275 51316 46651 6.46321 8 .58201 8 .67684 .64461 5.33493 5.75902 .62741 .59190 9 6.80169 6.51523 9 .54393 50835 .42410 38554 7.10782 7.72173 7.36009 7.02358 6.14457 10 10 .61391 55839
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