Essay
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
Correct Answer:

Verified
Correct Answer:
Verified
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