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Use the following tables to compute the present value of a $ 4 4 4 , 0 0 0 , 6 % , 6 -

Use the following tables to compute the present value of a $444,000,6%,6-year bond that pays $26,640 interest annually, if the market rate of interest is 7%.
Present Value of $1 at Compound Interest.
Periods 5%6%7%10%
10.952380.943400.934580.90909
20.907030.890000.873440.82645
30.863840.839620.816300.75132
40.822700.792090.762900.68301
50.783530.747260.712990.62092
60.746220.704960.666340.56447
70.710680.665060.622750.51316
80.676840.627410.582010.46651
90.644610.591900.543930.42410
100.613910.558400.508350.38554
Present Value of Annuity of $1 at Compound Interest
Periods 5%6%7%10%
10.952380.943400.934580.90909
21.859411.833391.808021.73554
32.723252.673012.624322.48685
43.545953.465113.387213.16987
54.329484.212364.100203.79079
65.075694.917324.766544.35526
75.786375.582385.389294.86842
86.463216.209795.971305.33493
97.107826.801696.515235.75902
107.721747.360097.023586.14457
Round your answer to the nearest whole dollar.
Present Valuefill in the blank 1 of 1$

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