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Use the following tables to calculate the present value of a $332,000 6%, 6-year bond that pays $19,920 interest annually, if the market rate of

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Use the following tables to calculate the present value of a $332,000 6%, 6-year bond that pays $19,920 interest annually, if the market rate of interest is 7. Round to the nearest dollar Present Value of $1 Periods 5 % 7% 10 % Present Value of Annuity of $1 5 % 6% 7 % Periods 10 % 1 .95238 .90703 6 % .94340 .89000 93458 .90909 .82645) .95238 .93458 2 .94340 1.83339 2 .87344 .81630 1.85941 .90909 1.73554 1.80802 3 .86384 .83962 3 2.72325 .75131 .68301 2.67301 2.62432 2.48685 4 .79209 .76290 4 .82270 .78353 3.54595 3.46511 3.38721 3.16987 5 .74726 .71299 in 4.32948 4.21236 4.10020 6 .74622 70496 -66634 .62092! -56447 51316 6 5.07569 4.91732 4.76654 3.79079 4.35526 4.86842 7 .71068 .66506 .62275 7 5.78637 5.58238 5.38929 8 .67684 .62741 .58201 .46651 8 6.46321 6.20979 5.97130 5.33493 9 .64461 .59190 .54393 9 7.10782 6.80169 6.51523 .42410 ! .38554 5.75902 10 .61391 .55839 .50835 10 7.72173 7.36009 7.02358 6.14457

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