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Use the following tables to compute the present value of a $ 2 5 , 0 0 0 , 7 % , 5 - year

Use the following tables to compute the present value of a $

25, 000, 7 %, 5 -

year bond that pays $

1, 750 (

25, 000 7 %)

interest annually, if the market rate of

interest is

7 % .

Present Value of $

1

at Compound Interest.

Present Value of Annuity of $

1

at Compound Interest

Round your answer to the nearest whole dollar.

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