1.080 150 Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Present Value of $1 (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Periods 1% 2% 3% 49% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 1896 20% Period 10.990 0.930 0.971 0.962 0.952 0.943 0.935 0.925 0.917 0.909 0.893 0.877 0.870 0.952 0.847 0.833 Read the requirements Period 2 0.980 0.951 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.7180.594 Period 3 0.971 0.942 0.915 0.889 0.854 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.8550.8230.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 Requirement 1. Determine the present value of six-year bonds payable with face value of S92.000 and stated interest rate of 12% paid semiannually. The market rate of interest is 12% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Periods 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.5190.497 0.476 0.437 0.402 Present Value Period 0.042 0.888 0.837 0.790 0.746 0.705 0.6660.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 When market rate of interest is 12% annually Period 7 0.9830.871 0.313 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.3140.279 Requirements Period 3 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 14%. (Round intermediary calculations and final answer to the nearest whole dollar.) Period 9 0.914 0.837 0.766 0.7030.545 0.592 0.5440.500 0.400.424 0.351 0.308 0.284 0.253 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 Present Value 1. Determine the present value of six-year bonds payable with face value of Period 110.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.3380.350 0.237 0.237 0.215 0.1950.162 0.135 $92,000 and stated interest rate of 12% paid semiannually. The market rate Period 120.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 When market rate of interest is 14% annually of interest is 12% at issuance. Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 2. Same bonds payable as in Requirement 1, but the market interest rate is Period 14 0.870 0.758 0.651 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 8%. (Round intermediary calculations and final answer to the nearest whole dollar.) 14% Period 15 0.861 0.7430.542 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Present Value 3. Same bonds payable as in Requirement 1, but the market interest rate is 8% Period 18 0.853 0.728 0.623 0.534 0.458 0.394 0.3390.292 0.252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 Period 17 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0.19 0.146 0.108 0.093 0.000 0.00 0.045 When market rate of interest is 8% annually Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.059 0.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.00 0.043 0.031 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 Print Done rence Period 21 0.811 0.650 0.538 0.439 0.359 0.294 0.24 0.199 0.1640.135 0.093 0.064 0.053 0.044 0.031 0.022 rence Period 22 0.803 0.647 0.522 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.083 0.056 0.046 0.038 0.025 0.018 0.074 0.049 0.040 0.033 0.022 0.015 0.066 0.043 0.035 0.028 0.019 0.013 Present Value of Ordinary Annuity of $1 Reference 0.059 0.038 0.030 0.024 0.0160.010 Periods 1% Future Value of $1 2% 39 4% 596 8% 7% 8% 9% 10% 12% 14% 15% 185 18% 20% 0.053 0.033 0.025 0.021 0.014 0.009 eriod 1 0.990 0.980 0.971 0.952 0.952 0.043 0.035 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Periods 156 2% 3% 4% 5% 6% 7% 8% 99% 10% 12% 14% 15% 0.047 0.029 0.023 0.018 0.0110.007 eriod 2 1.970 1.942 1.913 1.836 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.547 1.625 1.605 1.566 1.528 Period 1 1.010 1.020 1.080 1.040 1.050 1.060 1070 1.090 1.100 1.120 1.140 0.042 0.025 0.020 0.0160.010 0.006 eriod 3 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.437 2.40223222283 2245 2.174 2.100 ||Period 2 Future Value of Ordinary Annuity of $1 1.040 1061 1.020 1.082 1.103 1.1241.145 1.166 1.1881.210 1.254 1.300 1.323 0.037 0.022 0.017 0.014 0.008 0.005 eriod 4 3.902 3.808 3.717 3.630 3.545 3.465 3.337 3.3123.240 3.170 3.037 291428552798 2.690 2.589 ||Period 3 1.030 1.051 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.52 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 0.003 0.020 0.015 0.012 0.007 0.004 eriod 5 4.853 4713 4.580 4.452 4.3294212 4.100 3.993 3.890 3.791 3.605 3.433 3.3523274 3.127 2.991 Period 4 1.04 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.454 1.574 1.689 1.749 Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 0.011 0.005 0.004 0.003 0.001 0.001 Period 5 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.61 5.795 5.601 5.417 5.242 5.0764917 4.767 4.6234436 4355 4.111 3.889 3.784 3.685 3.498 3.325 1.762 1.925 2.011 Period 2 eriod 2.010 2.020 2.030 2.040 2050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 3 0.003 0.001 0.001 0.001 eriod 7 6.728 6.472 6.230 6.0025.736 5.582 5.389 5.206 5.033 48684554 4.283 4.160 4.039 3.812 3.605 3.0303.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 3.440 3.473 ||Period 8 1.062 1.125 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.9742.195 2.313 eriod 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.958 4.639 4.487 4.060 4.122 4.184 4.246 4.310 4.375 4.40 4.506 4.573 4.5414.7794921 4.998 4.344 4.078 3.837 Period 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.7141.828 1.949 2211 2.502 2.660 Period 5 5.101 5.204 5.3095.416 5525 5.637 5.751 5.3575.9856.105 6.353 6.610 6.742 eriod 9 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.9955.759 5.328 4.946 Period 8 4.7724.607 4.303 4.031 1.083 1.1721.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 riod 10 9.471 8.9838.530 8.111 7.722 7.350 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 Period 9 1.004 1.195 1.305 1.423 1551 1.689 1.838 1999 2.172 2.3582.7733.252 3.518 Period 6.152 6.308 6.468 6.633 6.802 6.9757.153 7.3367.523 7.716 8.115 8.536 8.754 ||Period 10 1.105 eriod 11 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 Period 7 10.368 9.787 9.2538.760 8.306 7.837 7.499 7.139 6.805 6.495 5.038 5.453 5234 5.029 4656 4.327 7.214 7.4347.662 7.8938.1428.394 3.654 3.9239.2009.487 10.09 10.73 11.07 Period 8 riod 12 11.255 10.575 9.95493858.863 3.384 7.943 7.535 7.1616.814 6.194 5.560 5.421 5.1974.793 4.439 ||Period 11 1.116 1.245 8.286 8.5838.892 9.214 9.549 9.897 10.260 10.64 11.03 11:44 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.225 4652 12.30 13.23 13.73 riod 13 12.134 11.348 10.635 9.986 9.394 3.853 3.358 7.9047.487 7.103 6.424 5.8425583 Period 5.3424.910 4.533 ||Period 12 1.1271.268 1.426 1.601 1.795 2.012 2.252 2.518 2.813 3.138 3.896 4.813 5.350 9.359 9.755 10.16 10.58 11.03 11:49 11.98 124913.02 13.58 14.78 16.09 16.79 Period 10 eriod 14 13.004 12.106 11.29 10.563 9.899 9.295 3.745 3.2447.786 7.357 6.6286.002 5.724 5468 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 5.0084611 U|Period 13 1.1381.294 1.469 1.665 1.8852.133 2410 2.720 3.066 3.452 4363 5.492 6.153 riod 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 3.559 8.061 7.605 6.811 6.142 5.847 5.575 5.092 4.675 ||Period 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.987 3.342 3.798 4.887 6.2517.076 Period 11 11.57 12.17 12.81 13.49 1421 1497 15.78 16.65 17.56 18.53 20.65 23.04 24.35 Period 15 1.161 1.346 1.558 1.801 2.079 2.3972.750 3.1723.642 4.177 5.474 7.1388.137 Period 12 12.68 13.41 14.19 15.03 15.92 16.87 17.8918.98 20.14 21.3824.13 27.2729.00 riod 18 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 3.313 7.824 6.974 6.265 5.954 5.669 5.1624.730 Period 13 riod 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 3.022 7.1206.373 6.047 5.749 5.222 4.775 ||Period 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.425 3.970 4.5956.130 8.1379.358 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 2295 24.52 28.03 320934.35 riod 18 16.398 14992 13.754 12.659 11.690 10.828 10.059 9.372 3.756 3.2017.250 6.457 6.128 5.818 5.273 4.812 Period 14 Period 17 1.184 1.400 1.653 1.948 2.292 2.6933.159 3.700 4.3285.054 6.866 9.276 10.76 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24 21 26.02 27.98 3239 37.58 40.50 Period 15 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 eriod 19 17.226 15.67 14324 13.134 12.08511.15810.336 9.604 8.950 3.3557.356 6.550 6.198 5.877 5.3164.844 ||Period 18 1.1961.428 1.702 2.0262.407 2.854 3.380 3.99547175.550 7.690 10.58 1238 riod 20 18.046 16.351 14.877 13.590 12.462 11.470 10.5049.818 9.129 3.514 7.4596.623 6.259 5.929 5.353 4.870 Period 10 1.208 1.457 1.754 2.107 2.527 3.025 3.617 4.316 5.142 6.116 8.613 12.05 14.23 Period 18 17.25 18.64 20.16 21.82 23.65 25.67 27.89 30.32 33.00 35.95 -2.75 50.98 55.72 Period 20 1.220 1.436 1.806 2.191 2.653 3.2073.870 4.661 5.604 6.727 9.546 13.74 16.37 Period 17 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 eriod 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 3.6497.5626.687 6.312 5.973 5.384 4.891 Period 18 riod 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.2019.442 3.772 7.645 6.743 6.3596.011 5.410 4.909 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45.60 55.7568.39 75.84 Period 21 1.232 1.516 1.860 2.279 2.785 3.40041415.034 6.1097.400 10.80 15.57 18.82 riod 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.5808.883 7.718 6.792 6.309 6.044 5.432 4.925 Period 22 1.245 1.540 1.916 2.370 2.925 3.604 4.430 5.4376.659 8.140 12.10 17.85 21.54 Period 19 20.81 22.84 25.12 27.67 30.54 33.76 37 38 41.45 46.02 51.1663.44 78.978821 riod 24 21 243 18.914 16.936 15.247 13.799 12.550 11.459 10.529 9.707 3.9857.784 6.835 6.434 6.073 5451 4987 I|Period 23 1.2571.577 1.974 2.465 3.072 3.820 4.741 5.871 7.2588.954 13.55 20.35 24.89 Period 20 22.02 24.30 26.87 29.7833.07 35.79 41.00 45.76 51.16 57.28720591.02 102.4 eriod 25 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.8239.077 7.8436.873 6.454 6.097 5.467 4.948 Period 24 1.270 1.608 2.033 2.563 3.225 4049 5.072 6.341 7.911 9.850 15.18 23.21 28.63 Period 21 23 24 25.73 28.68 31.97 35.72 39.99 44.37 504256.76 64.00 31.70 104.8 118.8 Period 25 Period 22 riod 28 22.795 20.12117.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 7.8966.906 1.282 1.641 2.094 2.666 3.385 4.2925.4276.8483.623 10.83 17.00 26.45 3292 24.47 27.30 30.5434.25 33.51 43.39 29.01 5546 6287 71.40 92.50 120.4 137.6 6.491 6.118 5.480 4.956 Period 23 riod 27 23 560 20.707 18.327 16.330 14.6431321111.987 10.935 10.027 9.237 7.9436.935 6.514 Period 26 6.136 5.492 4.964 1.295 1.673 25.72 28.85 32.45 36.62 41.43 47.00 53.4460.89 69.53 79.54 104.6 2.157 2.772 3.556 4549 5.8077.3959.399 11.92 19.04 30.1737.86 138.3 159.3 riod 28 24.316 21.28118.764 16.663 14.89813.406 12.137 11.051 10.116 0.307 7.984 6.9616.534 6.152 Period 24 Period 27 1.308 1.707 2.221 2.883 3.733 4322 6.214 7.988 10.25 13.11 21.32 3439 4354 26.97 30.42 344339.08 44.50 50.82 58.18 66.76 76.79 | 88.50 118.2 5.5024.970 158.7 1842 eriod 29 25.06621.34 19.188 16.984 15.141 13.591 12.278 11.158 10.1989.370 3.022 6.983 6.551 6.1665.510 4975 Period 28 1.321 1.74 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 Period 25 28 24 32.03 35.46 41.65 47.73 54.86 6325 73.11 84.70 98.35 133.3 181.9212.8 riod 30 25.808 22.39619.600 17.292 15.37213.7651240911.258 10.274 9.4278.055 7.003 6.566 6.177 5.517 4.979 I|Period 29 1.335 1.7762.357 3.119 4.116 5.418 7.114 0.317 12.17 15.86 26.75 44.69 57.58 Period 28 29 53 33.67 33.55 44.3151.11 59.1668.68 79.95 93.32 1092 150.3 208.3 245.7 Period 30 23.115 19.798 17.159 15.046 13.332 11.925 10.757 9.779 3.244 7.105 6.642 1.348 6.233 1.811 2.427 3.243 4.3225.743 7.612 10.05 13:27 17:45 29.96 50.95 66.21 riod 40 32 835 27.355 Period 27 30.82 35.34 40.71 47.08 54.6763.71 74.4887.35 102.7 121.1 169.4238.5 283.6 5.548 4.997 Period 28 Period 40 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95.34 113.0 1342190.7 272.9 327.1 1.489 2.208 3.262 4.801 7.040 10.29 14.97 21.72 31.4145.25 93.05 1889 267.9 eriod 50 39.196 25.730 21.482 18.256 15.762 13.801 12 233 10.952 9.915 8.304 7.133 6.661 8.246 5.554 4.999 Period 29 33.45 38.79 45.22 52.97 62.32 73.54 37.35 104.0 124.1 1486 214.6 312.1 377.2 Period 50 1645 2.692 4.384 7.107 11.47 18.42 29.46 45.90 74.36 117.4 289.0 700 2 1,084 Period 30 34.78 40.57 47.58 56.08 66.44 79.05 94.46 113.3 136.3 164.5241.3 356.8 434.7 Period 40 48.8960.40 75.40 95.00 120.8 154.3 199.6 259.1 337.94426767.1 1.342 1,779 Next Period 50 6446 84.58 1128 152.7 2003 405.5 573.8 815 1.164 2.400 4.995 l 7.218 Period 4 .224