Use the following tables to calculate the present value of a $20,000 7%, 5 year bond that pays $1,400 ($20,000 x 7%) interest annually, if the market rate of interest is 7%
Present Value of $1 at Compound Interest
Present Value of Annuity of $1 at Compound Interest

Question

Use the following tables to calculate the present value of a $20,000 7%, 5 year bond that pays $1,400 ($20,000 x 7%) interest annually, if the market rate of interest is 7%
Present Value of $1 at Compound Interest
  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 $20,000 7%, 5 year bond that pays $1,400 ($20,000 x 7%) interest annually, if the market rate of interest is 7%
Present Value of $1 at Compound Interest
  Present Value of Annuity of $1 at Compound Interest

Use the Following Tables to Calculate the Present Value of a $20,000