Question: A 1 7 - year zero - coupon bond was issued with a $ 1 , 0 0 0 par value to yield 1 2

A 17-year zero-coupon bond was issued with a $1,000 par value to yield 12%. What is the approximate market value of the bond? Use Appendix B.
Note: Round "PV Factor" to 3 decimal places and final answer to the nearest dollar amount.

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