## Answers

Present value of the bond = $17,100 (PVIFA 6%,6) + $342,000 (PVIF 6%,6th year)

= $17,100(4.91732 ) + $342,000 (0.70496)

= $84,086.172 + $241,096.32

**= $325,182.492**

**Therefore the present value of the bond $342,000 is $325,182.49**

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