You may use the following abbreviated tables to answer questions 17, 18, and 19, or use your calculator and select the closest answer (rounding to the nearest dollar): Present Value of $1 Present Value of an Ordinary Annuity n 3% 5% 6% 10% 12% 3% 5% 6% 10% 12% 1 .97087 95238.94340 .90909 .89286 .97087 95238 94403 .90909 .89286 5 .86261 .78353.74726.62092.56743 4.57971 4.32948 4.21236 3.79079 3.60478 6 .83748 .74622.70496.56447 .50663 5.41719 5.07569 4.91732 4.35526 4.11141 10 .74409 .61391 .55839 .38554 .32197 8.53020 7.72173 7.36009 6.14457 5.65022 12 .70138 .55684 .49697.31863 .25668 9.95400 8.86325 8.38384 6.813696.19437 Question 19 4 pts McDougal Company sold a $500,000, 5-year, 9% APR bond issued on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The effective rate is 10% APR. What was the selling price of the bonds at January 1, 2020? $480,695 $483,770 $483,847 $477,707