Use the following tables to calculate the present value of a $25,000, 7%, 5-year bond that pays $1,750 $25,000 × 7% interest annually, if the market rate of interest is 7%

Present Value of $1 at Compound Interest
$\begin{array}{|l|l|l|l|l|}
\hline \text { Periods } & 5 \% & 6 \% & 7 \% & 10 \% \
\hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \
\hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \
\hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \
\hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \
\hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \
\hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \
\hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \
\hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \
\hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \
\hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \
\hline
\end{array}$ Present Value of Annuity of $1 at Compound Interest

Question

Use the following tables to calculate the present value of a $25,000, 7%, 5-year bond that pays $1,750 $25,000 × 7% interest annually, if the market rate of interest is 7%

Present Value of $1 at Compound Interest
 $\begin{array}{|l|l|l|l|l|}
\hline \text { Periods } & 5 \% & 6 \% & 7 \% & 10 \% \
\hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \
\hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \
\hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \
\hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \
\hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \
\hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \
\hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \
\hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \
\hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \
\hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \
\hline
\end{array}$ Present Value of Annuity of $1 at Compound Interest

Quizplus · Accepted Answer

The Answer of Use the following tables to calculate the present value of a $25,000, 7%, 5-year bond that pays $1,750 $25,000 × 7% interest annually, if the market rate of interest is 7%

Present Value of $1 at Compound Interest
 $\begin{array}{|l|l|l|l|l|}
\hline \text { Periods } & 5 \% & 6 \% & 7 \% & 10 \% \
\hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \
\hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \
\hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \
\hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \
\hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \
\hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \
\hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \
\hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \
\hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \
\hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \
\hline
\end{array}$ Present Value of Annuity of $1 at Compound Interest

Use the Following Tables to Calculate the Present Value of a $25,000