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Use the following tables to calculate the present value of a $506,000 @ 5%, 5-year bond that pays $25,300 interest annually, if the market rate of interest is 10%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 6% 94340 Periods 5% 6% 7% 10% | Periods 5% 10% 95238 .94340 .93458.909091 90703 .89000 .87344 .826452 86384 .83962 .81630 751313 82270 .79209.76290 683014 78353 74726 .71299 .62092 74622 70496 .66634.56447 71068 .66506 .62275 .51316 67684 .62741 .58201 .46651 64461 .59190 .54393 424109 90909 1.85941 1.83339 1.80802 1.73554 2.72325 2.67301 2.62432 2.48685 3.54595 3.46511 3.38721 3.16987 4.32948 4.21236 4.10020 3.79079 5.07569 4.91732 4.76654 4.35526 5.78637 5.58238 5.38929 4.86842 6.46321 6.20979 5.97130 5.33493 7.10782 6.80169 6.51523 5.75902 61391 .55839 .50835 .3855410 7.72173 7.36009 7.02358 6.14457 95238 93458 9 10
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