Use the following tables to calculate the present value of a $288,000 @ 6%, 5-year...
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Accounting
Use the following tables to calculate the present value of a $288,000 @ 6%, 5-year bond that pays $17,280 interest annually, if the market rate of interest is 7%. Round to the nearest dollar.
Present Value of $1Present Value of Annuity of $1
Periods
5 %
6 %
7 %
10 %
Periods
5 %
6 %
7 %
10 %
1
.95238
.94340
.93458
.90909
1
.95238
.94340
.93458
.90909
2
.90703
.89000
.87344
.82645
2
1.85941
1.83339
1.80802
1.73554
3
.86384
.83962
.81630
.75131
3
2.72325
2.67301
2.62432
2.48685
4
.82270
.79209
.76290
.68301
4
3.54595
3.46511
3.38721
3.16987
5
.78353
.74726
.71299
.62092
5
4.32948
4.21236
4.10020
3.79079
6
.74622
.70496
.66634
.56447
6
5.07569
4.91732
4.76654
4.35526
7
.71068
.66506
.62275
.51316
7
5.78637
5.58238
5.38929
4.86842
8
.67684
.62741
.58201
.46651
8
6.46321
6.20979
5.97130
5.33493
9
.64461
.59190
.54393
.42410
9
7.10782
6.80169
6.51523
5.75902
10
.61391
.55839
.50835
.38554
10
7.72173
7.36009
7.02358
6.14457
$___________
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