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12A. On December 31, 2018, when the market interest rate is 14 % , Gibert Coporation issues $160,000 of 10 %, 12-year bonds payable. The
12A. On December 31, 2018, when the market interest rate is 14 % , Gibert Coporation issues $160,000 of 10 %, 12-year bonds payable. The bonds pay interest semiannually Determine the present value of the bonds at issuance (Cick the loon to view Present Value of $1 table.) (Click the lcon to view Present Value of Ordinary Annuity of $1 table) (Click the loon to view Future Value of $1 table ) (Click the loon to view Future Velue of Ordinary Annuty of $1 table) Start by calouleting the present value of the principal. (Enter factor amounts to three decimal places, X.X00X) Value Factor PV of principal 160000 Now caloulate the present value of the stated interest (Enter factor amounts to three decimal places, XXO0X) Value Semiannual interest rate Factor PV of staled interest 160000 % Finally, caloulate the present value of bonds payable PV of principal PV of stated interest PV of bonds payable Enter any number in the edit fieids and then continue to the next
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