Value of Money TABLE 4 Present Value Of Annuity Factors (Ordinary Annuity) Periods 1% 2% 3% 4% 5% 7% .9804 .9615 .9434 1.9704 1.9416 1.8861 1.8594 1.8334 1.8080 2.9410 2.8286 2.7751 2.7232 2.6730 2.6243 3.9020 3.8077 3.6299 3.5460 3.4651 3.3872 4.8534 4.7135 4.5797 4.4518 4.3295 4.2124 4. 1002 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 7.6517 7.3255 7.0197 6.7327 6.4632 5.9713 8.5660 8.1622 7.7861 7.4353 7.1078 6.5152 10 9.4713 8.9826 8.5302 8.1 109 7.7217 7.3601 7.0236 11 10.3676 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 12 11.2551 10.5753 9.9540 9.3851 8.8633 7.9427 13 12.1337 10.6350 9.9856 9.3936 8.8527 8.3577 14 13.0037 11.2961 10.5631 9.8986 9.2950 8.7455 15 13.8651 11.9379 10.3797 9.7122 9.1079 16 14.7179 12.5611 10.8378 10.1059 9.4466 17 15.5623 14.2919 13.1661 12.1657 10.4773 9.7632 18 16.3983 14.9920 13.7535 12.6593 11.6896 10.8276 19 17.2260 15.6785 14.3238 12.0853 11.1581 10.3356 20 18.0456 16.3514 14.8775 13.5903 12.4622 10.5940 21 18.8570 17.0112 15.4150 12.8212 10.8355 22 19.6604 15.9369 13.1630 12.0416 11.0612 23 20.4558 18.2922 16.4436 13.4886 12.3034 11.2722 24 21.2434 18.9139 16.9355 15.2470 13.7986 12.5504 11.4693 25 22.0232 19.5235 17.4131 15.6221 14.0939 12.7834 11.6536 26 22.7952 20.1210 17.8768 15.9828 14.3752 13.0032 11.8258 27 23.5596 20.7069 18.3270 16.3296 14.6430 13.2105 11.9867 28 24.3164 21.2813 18.7641 16.6631 14.8981 13.4062 12.1371 29 25.0658 21.8444 19.1885 16.9837 15.1411 13.5907 12.2777 30 25.8077 22.3965 19.6004 17.2920 15.3725 13.7648 12.4090 31 26.5423 22.9377 15.5928 13.9291 12.5318 32 27.2696 23.4683 20.3888 17.8736 15.8027 12.6466 33 27.9897 23.9886 16.0025 14.2302 12.7538 34 28.7027 24.4986 21.1318 18.4112 16.1929 14.3681 12.8540 35 24.9986 21.4872 18.6646 16.3742 14.4982 12.9477 36 30.1075 25.4888 21.8323 18.9083 16.5469 14.6210 13.0352 37 30.7995 25.9695 22. 1672 16.7113 14.7368 13.1170 38 31.4847 26.4406 22.4925 19.3679 16.8679 14.8460 13. 1935 39 32.1630 26.9026 22.8082 19.5845 17.0170 14.9491 13.2649 40 32.8347 27.3555 23.1148 17.1591 15.0463 13.3317 41 33.4997 27.7995 23.4124 17.2944 15.1380 13.3941 42 34.1581 28.2348 20.1856 15.2245 13.45242. What is the present value of the bond described below.+ Par value of $100,000+ Coupon rate of 6%+ Annual coupon payment+ Maturity is 10 years+ . Required return is 7%+ Use Present Value of a Dollar table to get Present Value of Par using Table 3 and Present Value of Coupon Payments (which is an Annuity) using Table 4.+ $92,972 = Present Value of Bonds (Using Tables 3 and 4)+
