Apple recently issued a zero coupon bond. The zero coupon bond has a face value of $$1$ billion and matures in six years. Assume that when the bonds were sold to the public, the annual market rate of interest was $3$ percent.

Required:

How much did Apple receive when it issued the bonds with a face value of $$1$ Billion?

How much would Apple have received if the annual market rate of interest remained at $3$ percent, and the bonds matured in $10$ years?

Note: Round your PV Factors to $5$ decimal places. Enter your answer as a whole dollars rounded to nearest whole number.