Use the following tables to calculate the present value of a $763,000, 6%, 6-year bond that pays $45,780 ($763,000 x 6%) interest annually, if the market rate of interest is 7%.
Use the following tables to calculate the present value of a $763,000, 6%, 6-year bond that pays $45,780 ($763,000 x 6%) interest annually, if the market rate of interest is 7%.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:CO
a.
6o
0.74622
0.70496
0.66634
0.56447
9.
0.71068
0.66506
0.62275
0.51316
0.67684
0.62741
0.58201
0.64461
0.59190
0.54393
0.42410
6.
0.61391
0.55839
0.50835
0.38554
Present Value of Annuity of $1 at Compound Interest
spojad
0%9
0.95238
0.94340
0.93458
1.
606060
1.85941
1.83339
1.80802
1.73554
2.
2.72325
2.67301
2.62432
2.48685
3.
3.54595
3.46511
3.38721
3.16987
4.
4.32948
4.21236
4.10020
3.79079
5.07569
4.91732
4.76654
4.35526
5.78637
5.58238
5.38929
4.86842
7.
6.46321
6.20979
5.97130
5.33493
8.
7.10782
6.80169
6.51523
5.75902
6.
7.72173
6009
7.02358
6.14457
Round your intermediate calculations and final answer to the nearest whole dollar.
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Transcribed Image Text:3.
67
Use the following tables to calculate the present value of a $763,000, 6%, 6-year bond that pays $45,780 ($763,000 x 6%) interest annually, if the
market rate of interest is 7%.
Present Value of $1 at Compound Interest
spo
0.95238
0%%%
0.94340
0.93458
60606'0
2
000680
0.87344
0.82645
0.86384
0.83962
0.81630
0.75131
0.82270
0.79209
0.76290
0.68301
4.
0.78353
0.74726
0.62092
0.74622
0.70496
0.66634
0.56447
0.71068
0.66506
0.62275
0.51316
0.67684
0.62741
0.58201
0.46651
8.
0.64461
0.59190
0.54393
0.42410
0.61391
0.55839
0.50835
0.38554
Present Value of Annuity of $1 at Compound Interest
Periods
0%%9
0% L
0.95238
0.94340
0.93458
1.
60606'0
1.85941
1.83339
1.80802
1.73554
2.
2.72325
2.67301
2.62432
2.48685
3.
3.54595
3.46511
3.38721
3.16987
OVUCC V
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