Present Value Worksheet

	A	B	C	D	E	F	G	H	I
1	Face Value:	$10,000.00						Advanced:
2	Annual Interest Rate:	5.00%		Price of bond today	$10,544.65			Interest rate after one year:	8.00%
3	Annual Coupon Rate:	7.00%						Interest rate after two years:	2.00%
4	Years to Maturity:	3
5		Periods in the Future	Coupon Payment	Bond Matures	Total Payment	Present Value	Cumulative Present Value
6	1	1	$700.00	$0.00	$700.00	$666.67	$666.67
7	2	2	$700.00	$0.00	$700.00	$634.92	$1,301.59
8	3	3	$700.00	$10,000.00	$10,700.00	$9,243.06	$10,544.65
9	4	X	$0.00	$0.00	$0.00	$0.00	X
10	5	X	$0.00	$0.00	$0.00	$0.00	X
11	6	X	$0.00	$0.00	$0.00	$0.00	X
12	7	X	$0.00	$0.00	$0.00	$0.00	X
13	8	X	$0.00	$0.00	$0.00	$0.00	X
14	9	X	$0.00	$0.00	$0.00	$0.00	X
15	10	X	$0.00	$0.00	$0.00	$0.00	X
16	11	X	$0.00	$0.00	$0.00	$0.00	X
17	12	X	$0.00	$0.00	$0.00	$0.00	X
18	13	X	$0.00	$0.00	$0.00	$0.00	X
19	14	X	$0.00	$0.00	$0.00	$0.00	X
20	15	X	$0.00	$0.00	$0.00	$0.00	X
21	16	X	$0.00	$0.00	$0.00	$0.00	X
22	17	X	$0.00	$0.00	$0.00	$0.00	X
23	18	X	$0.00	$0.00	$0.00	$0.00	X
24	19	X	$0.00	$0.00	$0.00	$0.00	X
25	20	X	$0.00	$0.00	$0.00	$0.00	X
26	21	X	$0.00	$0.00	$0.00	$0.00	X
27	22	X	$0.00	$0.00	$0.00	$0.00	X
28	23	X	$0.00	$0.00	$0.00	$0.00	X
29	24	X	$0.00	$0.00	$0.00	$0.00	X
30	25	X	$0.00	$0.00	$0.00	$0.00	X
31	26	X	$0.00	$0.00	$0.00	$0.00	X
32	27	X	$0.00	$0.00	$0.00	$0.00	X
33	28	X	$0.00	$0.00	$0.00	$0.00	X
34	29	X	$0.00	$0.00	$0.00	$0.00	X
35	30	X	$0.00	$0.00	$0.00	$0.00	X
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