When the market rate of interest was 12%, Harin Corporation issued $1,000,000, 11%, 10-year bonds that pay interest annually. The selling price of this bond issue was Present Value of $1 at Compound Interest Periods 5% 1 0.95238 6% 10% 12% 7% 0.04340 0.93458 090509 2 0.00700 00000 0.87344 0.82645 0.79719 Use the following tables, if needed. 3 0.06354 0.53942 0.81630 0.75132 0.71170 4 0.82270 0.79200 0.76290 0.68301 0.63552 5 6 0.74622 7 8 0.71058 0.66506 0.67654 0.62741 0.78353 0.74720 0.71299 0.62092 0.56743 0.70456 0.56534 0.56447 0.50663 0.62275 051316 0.45235 0.58201 0.46651 0.40388 9 10 0.64461 0.59190 0.54393 0.61391 0.55840 0.50635 042410 0.36061 0.38554 0.32197 Present Value of an Annuity of $1 at Compound Inter Periods 1 5% 0.95238 6% 7% 2 1.85941 . 0.94340 183339 2.72325 2.67301 10% 12% 0.93458 0.90909 0.89286 1.0000 1.73554 1.69005 2.62432 2.48685 2.40183 4 " 3.54595 340511 3.38721 432048 4.31236 4.10000 3.16587 3.03735 170079 3.60478 6 7 5.07569 4.91732 4.70654 5.78637 4.35526 4.11141 5.58230 5.30009 4.36042 4.56376 6.46321 620979 5.97130 5.33493 4.96764 9 7.10782 6.30169 6.51523 5.75902 5.32825 10 7.72173 7.30009 7.02358 6.14457 5.05022 Oa. $621,524 Ob. $1,000,000 Oc. $943,494 Od. $321,970