2 3 4 17. Wozniaki Software Group acquired $1,500,000 par value, zero coupon, five-year bonds on their date of issue, January 1 of the current year. The market rate at the time of issue was 2% and interest is compounded annually. Wozniaki uses the effective interest rate method to account for this investment. The company classifies the investment as a trading security. The fair value of the bonds at the end of the year of acquisition is $1,253,000. 5 (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) 7 Read the requirements? Requirement a. Determine the purchase price of the investment in bonds. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round intermediary currency computations and your final answers to the nearest whole dollar.) The purchase price of the bonds is $ Requirement b. Prepare the journal entry to record the acquisition of the bond investment. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts to the nearest whole dollar.) Account Acquisition (1) Requirement c. Prepare an amortization table assuming that Wozniaki uses the effective interest rate method. (Complete all answer boxes. Enter a "0" for any zero balances. Round all amounts you enter into the amortization table to the nearest whole dollar and enter all amounts as positive numbers. Enter all amounts into the table as calculated using the instructed rounding. Note that rounding differences may occur. Do not "plug" effective interest and/or discount amortization amounts to adjust for any rounding differences.) Cash Effective Discount Amortized Period Interest Interest Amortization Cost Requirement d. Prepare the journal entry to record the interest income for the first two years. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts to the nearest whole dollar.) Begin by preparing the journal entry to record interest income for the first year. Account December 31, Year 1 (8) Now prepare the journal entry to record interest income for the second year. Account December 31, Year 2 (10) Requirement e. Prepare the journal entry required to adjust the investment's carrying amount to fair value at the end of the first year. (Record debits first, then credits. Exclude explanations from any journal entries. Use previously calculated amounts rounded to the nearest whole dollar, and enter any amounts into the journal entry table below to the nearest whole dollar.) Account Deceber 31, Year 1 (15) (16) Requirement f. Prepare the journal entry to record the sale of the investment on January 2 of year 2 for a net price of $1,143,000. (Record debits first, then credits. Exclude explanations from any journal entries. Use previously calculated amounts rounded to the nearest whole dollar, and enter any amounts into the journal entry table below to the nearest whole dollar.) Disposal Account (17) (18) (20) 1: Requirements a. Determine the purchase price of the investment in bonds. Prepare the journal entry to record the acquisition of the bond investment Prepare an amortization table assuming that Wozniaki uses the effective interest rate method. Prepare the journal entry to record the interest income for the first two years. Prepare the journal entry required to adjust the investment's carrying amount to fair value at the end of the first year. Prepare the journal entry to record the sale of the investment on January 2 of year 2 for a net price of $1,143,000. e. f. 2: Future Value of $1 Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 1.01000 1.02000 1.03000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.13000 1.14000 1.15000 1.020101.040401.06090 1.08160 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.27690 1.299601 1.32250 1.03030 1.06121 1.09273 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.44290 1.48154 1.52088 1.040601.082431.12551 1.16986 1.21551 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 1.63047 1.68896 1.74901 1.05101|1.104081.15927 1.21665 1.27628| 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 1.84244 1.92541 2.01136 6 1.06152 1.126161.19405 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 2.08195 2.19497 2.31306 1.072141.14869|1.22987 1.31593 1.40710 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 2.35261 2.50227 2.66002 11.08286|1.17166|1.26677 1.36857 1.47746 1.59385 1.71819 1.85093 1.99256 2.14359 2.30454 2.47596 2.65844 2.85259 3.05902 9 11.09369 1.19509 1.30477 1.42331 1.55133 1.68948 1.83846 1.99900 2.17189 2.35795) 2.55804 2.77308 3.00404 3.25195 3.51788 1.104621.21899|1.34392 1.48024 1.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.10585 3.39457 3.70722 4.04556 11 1.11567|1.24337|1.38423 1.53945 1.71034 1.89830 2.10485| 2.33164 2.58043 2.85312 3.15176 3.47855 3.83586 4.22623 4.65239 1.12683/1.26824/1.42576 1.60103 1.79586 2.01220 2.25219 2.51817 2.81266| 3.13843 3.49845 3.89598 4.33452 4.81790 5.35025 1.138091.293611.46853 1.66507 1.88565 2.13293 2.40985 2.71962 3.45227 3.88328 4.36349 4.89801 5.49241 6.15279 14 11.14947|1,31948 1,51259 1.73168) 1.97993) 2.26090 2.57853) 2.93719 3.34173 3.79750 4.31044 4.88711 5.534751 6.26135 7.07571 1.160971.34587|1.55797 1.80094 2.07893 2.39656 2.75903| 3.17217 3.64248| 4.17725 4.78459 5.47357 6.25427 7.13794 8.13706 1.17258 1.372791.60471 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 7.06733 8.13725 9.35762 17 1.18430 1.400241.65285 1.94790 2.29202 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 7.98608 9.27646 10.76126 1.19615/1.42825/1.70243 2.02582 2.40662 2.85434 3.37993| 3.99602 4.71712 5.55992 6.54355 7.68997 9.02427 10.57517 12.37545 19 1.20811 1.45681/1.75351 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 10.19742 12.05569 14.23177 1.220191.485951.80611 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 11.52309 13.74349 16.36654 1.28243 1.64061 2.09378 2.66584 3.38635 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 21.23054 26.46192 32.91895 30 1.34785 1.81136 2.42726 3.24340 4.32194 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 39.11590 50.9501666.21177 35 1.416601.99989 2.81386 3.94609 5.51602 7.68609 10.67658 14.78534 20.41397 28.10244 38.57485 52.79962 72.06851 98.10018 133.17552 1.488862.208043.26204 4.80102 7.0399910.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 132.78155 188.88351 267.86355 45 1.56481 2.43785 3.78160 5.84118 8.98501 13.7646121.00245 31.92045 48.3272972.89048 109.53024 163.98760 244.64140 363.67907 538.76927 1.644632.691594.38391 7.10668 11.46740 18.42015/29.45703 46.90161 74.35752 17.39085184.56483 289.00219 450.73593 700.23299 1,083.65744 1.81670|3.281035.8916010.51963|18.6791932.9876957.94643 01.25706 176.03129504.48164524.05724897.59693|1,530.053472,595.91866|4,383.99875 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 3: Present Value of $1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 0.990101 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86957 0. 0.98030 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645) 0.81162 0.79719 0.78315 0.76947 0.75614 0.1 0.97059 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 0.65752 0.4 0.96098 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.: 0.95147 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.58058 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.4 0.94205 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 0.43233 04 0.93272 0.87056 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.42506 0.39964 0.37594 0. 0.92348 0.85349 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.37616 0.35056 0.32690 0.: 0.91434 0.83676 0.76642 0.70259 0.64461 0.591900.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.33288 0.30751 0.28426 0.: 0.90529 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.29459 0.26974 0.24718 0.1 0.89632 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.26070 0.23662 0.21494 0. 0.88745 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.23071 0.20756 0.18691 0.87866 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.20416 0.18207 0.16253 0.86996 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.18068 0.15971 0.14133 0. 0.86135 0.74301 0.64186 0.55526 0.481020.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.15989 0.14010 0.12289 0. 0.85282 0.72845 0.62317 0.53391 0.45811 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.14150 0.12289 0.10686 0.84438) 0.71416 0.60502 0.51337] 0.43630 0.37136 0.31657 0.270271 0.23107 0.19784 0.16963 0.14564 0.12522 0.10780) 0.09293 0. 0.83602 0.70016 0.58739 0.49363 0.41552 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.11081 0.09456 0.08081 0. 0.82774 0.68643 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 0.1 0.81954 0.67297 0.55368 0.45639 0.37689 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.08678 0.07276 0.06110 0.1 0.77977 0.609530.47761 0.37512 0.29530 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0. 0.74192 0.55207 0.41199 0.30832 0.23138 0.17411 0.131371 0.09938 0.07537) 0.05731 0.04368 0.03338 0.02557) 0.01963) 0.01510 0.1 0.70591 0.50003 0.35538 0.25342 0.18129 0.13011 0.09366 0.06763 0.04899 0.03558 0.02592 0.01894 0.01388 0.01019 0.00751 0. 40 0.67165 0.45289 0.30656 0.20829 0.14205 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00753 0.00529 0.00373 0.0 0.63905 0.41020 0.26444 0.17120 0.11130 0.07265 0.04761 0.03133 0.02069 0.01372 0.00913 0.00610 0.00409 0.00275 0.00186 0. 50 0.60804 0.37153 0.22811 0.14071 0.08720 0.05429 0.03395 0.02132 0.01345 0.008528 0.00542 0.00346 0.00222 0.00143 0.00092 0. 60 0 .55045 0.30478 0.16973 0.09506 0.05354 0.03031 0.01726 0.00988 0.00568 0.00328 0.001911 0.00111 0.00065 0.00039 0.00023 0. Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 4: Future Value of an Ordinary Annuity Future Value of an Ordinary Annuity Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1 1.000000 1.000000 1.00000 1.00000 1.00000 1.000000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.010002.02000 2.03000 2.04000l 2.05000l 2.06000l 2.070001 2.08000 2.09000 2.10000 2.11000 2.12000 2.13000 3.03010 3.06040 3.09090 3.12160 3.15250 3.18360 3.21490 3.24640 3.27810 3.31000 3.34210 3.37440 3.40690 4.06040 4.12161 4.18363 4.24646 4.31013 4.37462 4.43994 4.50611 4.57313 4.64100 4.70973 4.77933 4.84980 5 5.10101 5.20404 5.30914 5.41632 5.52563 5.63709 5.75074 5.86660 5.98471 6.10510 6.22780 6.35285 6.48027 6.15202 6.30812 6.46841 6.63298 6.80191 6.97532 7.15329 7.33593 7.52333 7.71561 7.91286 8.11519 8.32271 7.21354 7.43428 7.66246 7.89829 8.14201 8.39384 8.65402 8.92280 9.20043 9.48717 9.78327 10.08901 10.40466 8.28567 8.58297 8.89234 9.21423 9.54911 9.89747 10.25980 10.63663 11.02847 11.43589 11.85943 12.29969 12.75726 9 9.36853 9.75463 10.15911 10.58280 11.02656 11.49132 11.97799 12.48756 13.02104 13.57948 14.16397 14.77566 15.41571 10 10.46221 10.94972 11.46388 12.00611 12.57789 13.18079 13.81645 14.48656 15.19293 15.93742 16.72201 17.54874 18.41975 11 11.56683) 12.16872| 12.80780 13.48635 14.20679| 14.97164 15.78360 16.64549 17.56029 18.53117 19.56143] 20.65458 21.81432 12 12.68250 13.41209 14.19203 15.02581 15.91713 16.86994 17.88845 18.97713 20.14072 21.38428 22.71319 24.13313 25.650181 13 13.80933 14.68033 15.61779 16.62684 17.71298 18.88214 20.14064 21.49530 22.95338 24.52271 26.21164 28.02911 29.98470 14 14.94742 15.97394/ 17.08632 18.29191 19.59863 21.01507) 22.55049| 24.21492 26.01919 27.97498 30.09492 32.39260 34.88271 15 16.09690 17.29342 18.59891 20.02359 21.57856| 23.27597 25.12902 27.15211 29.36092 31.77248 34.40536 37.27971 40.41746 16 17.25786) 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 30.32428 33.00340 35.94973 39.18995 42.75328 46.67173 17 18.43044 20.01207 21.76159 23.69751 25.84037 28.21288 30.84022 33.75023 36.97370 40.54470 44.50084 48.88367 53.73906 ! 18 19.61475) 21.41231 23.41444 25.64541 28.13238 30.90565 33.99903) 37.45024 41.301341 45.59917| 50.39594 55.74971/ 61.72514 20.81090 22.84056 25.11687 27.67123 30.53900 33.75999 37.37896 41.44626 46.01846 51.15909/ 56.93949 63.43968 70.74941 20 22.01900 24.29737 26.87037 29.77808 33.06595 36.78559 40.99549 45.76196 51.16012 57.27500 64.20283 72,05244 80.94683 ! 25 28.24320 32.03030 36.45926| 41.64591| 47.72710 54.86451 63.24904 73.10594 84.70090 98.34706 114.41331 133.33387 155.61956 1: 30 34.78489 40.56808 47.57542 56.08494 66.43885 79.05819 94.46079 113.28321 136.30754 164.49402199.02088 241.33268 293.19922 3! 41.66028 49.99448 60.46208) 73.65222 90.32031111.43478/138.23688 172.31680 215.71075 271.02437 341.58955 431.66350 546.68082 6! 48.88637 60.40198 75.40126 95.02552 120.79977 154.76197199.63511 259.05652 337.88245 442.59256 581.82607 767.09142 1,013.70424 1,3 45 56.48107 71.89271 92.71986121.02939159.70016212.74351 285.74931 386.50562 525.85873 718.90484 986.638561,358.23003 1,874.16463 2,5 50 64.46318) 84.57940112.79687|152.66708209.34800290.33590406.52893 573.77016) 815.08356|1,163.90853/1,668.771152,400.01825 3,459.50712 4,99 60 61.66967114.05154 163.05344237.99069353.58372533.12818|813.520381,253.213301,944.792133,034.816404,755.065847,471.6411111,761.9497918,5: Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 5: Present Value of an Ordinary Annuity Future Value of an Annuity Due Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1.01000 1.02000 1.03000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.13000 2.03010 2.06040 2.09090 2.12160 2.15250 2.18360 2.21490 2.24640 2.27810 2.31000 2.34210 2.37440 2.40690 3.06040 3.12161 3.18363 3.24646 3.31013 3.37462 3.43994 3.50611 3.57313 3.64100 3.70973 3.77933 3.84980 4.10101 4.20404 4.30914 4.41632 4.52563 4.63709 4.75074 4.86660 4.98471 5.10510 5.22780 5.35285 5.48027 5 5.15202 5.30812 5.46841 5.63298 5.80191 5.97532 6.15329 6.33593 6.52333 6.71561 6.91286 7.11519 7.32271 6 6.21354 6.43428 6.662466 .89829 7.14201 7.39384 7.65402 7.922808.200438.48717 8.78327 9.08901 9.40466 7 7.28567 7.58297] 7.892341 8.21423) 8.54911 8.89747] 9.259801 9.636631 10.02847] 10.43589) 10.85943) 11.29969 11.75726| 8 8.36853 8.75463 9.15911 9.58280 10.02656 10.49132 10.97799 11.48756 12.02104 12.57948 13.16397 13.77566 14.41571 9 9.46221 9.94972 10.46388 11.00611 11.57789) 12.18079 12.81645 13.48656 14.19293) 14.93742 15.72201 16.54874 17.41975 110.56683) 11.16872 11.80780 12.48635) 13.20679| 13.97164 14.78360 15.64549 16.56029 17.53117 18.56143 19.65458 20.81432 11 111.68250 12.41209 13.19203 14.02581 14.91713 15.8699416.88845 17.97713 19.14072 20.38428 21.71319 23.13313 24.65018 12 12.80933) 13.68033 14.61779 15.62684 16.71298 17.88214 19.14064 20.49530 21.95338) 23.52271 25.21164 27.02911 28.98470 13 13.94742 14.97394) 16.08632 17.29191) 18.59863 20.01507 21.55049 23.21492 25.01919 26.97498 29.094921 31.392601 33.88271 14 15.09690 16.29342 17.59891 19.02359 20.57856 22.27597 24.12902! 26.15211 28.36092 30.77248) 33.405361 36.27971 39.41746 16.25786 17.63929 19.15688 20.82453 22.65749 24.67253 26.88805 29.32428 32.00340 34.94973 38.18995 41.75328 45.67173 16 17.43044) 19.01207 20.76159 22.69751 24.84037 27.21288 29.84022 32.75023 35.97370 39.54470 43.50084 47.88367 52.73906 17 18.61475 20.41231 22.41444 24.64541 27.13238 29.90565 32.99903 36.45024 40.30134 44.59917 49.39594 54.74971 60.725141 18 19.81090 21.84056 24.1168726.67123 29.53900 32.75999 36.37896 40.44626 45.01846 50.15909 55.93949 62.43968 69.74941 21.01900 23.29737 25.87037 28.77808 32.06595 35.78559 39.99549 44.76196 50.160121 56.27500 63.20283 71.05244 79.94683 20 22.23919 24.78332 27.67649 30.96920 34.71925 38.99273| 43.86518 49.42292| 55.76453 63.00250 71.26514 80.69874 91.46992 25 28.52563 32.67091 37.55304 43.31174 50.11345 58.15638 67.67647| 78.95442 175.85010 21 30 35.13274 41.37944 49.00268 58.32834) 69.76079| 83.80168|101.07304 122.34587 148.57522| 180.94342| 220.91317 270.29261 331.31511 41 35 42.07688 50.99437 62.27594 76.59831 94.83632 118.12087 147.91346 186.10215 235.12472 298.12681 379.16441 483.46312 617.74933 7! 40 49.37524 61.61002 77.66330 98.82654 126.83976 164.04768213.60957 279.78104 368.29187 486.85181 645.82693 859.14239 1,145.48579 1,5 45 57.04589 73.33056 95.50146125.87057167.68516225.50812305.75176 417.42607 573.18602 790.795321,095.16880 1,521.21764 2,117.80603 2,9! 65.10781 86.27099116.1807758.77377|219.81540307.75606434.98595 619.67177 888.441081,280.299381,852.33598 2,688.02044 3,909.24304 5,6 60 $2.48637116.33257167.94504247.51031 371.26290565.11587|870.466811,353.470362,119.823423,338.298035,278.123088,368.2380513,291.0032721,1; Periods 1% 2% 3% 4% 5% 6% 7% 8% 10% 11% 12% 13% 7: Present Value of an Annuity Due Present Value of an Annuity Due Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 100000 1.00000 1. 1.99010 1.98039 1.97087 1.96154 1.95238 1.94340 1.93458 1.92593 1.91743 1.90909 1.90090 1.89286 1.88496 1.87719 1.86957 1. 2.97040 2.94156 2.91347 2.88609 2.85941 2.83339 2.80802 2.78326 2.75911 2.73554 2.71252 2.69005 2.66810 2.64666 2.62571 2. | 3.94099 3.88388 3.82861 3.77509 3.72325 3.67301 3.62432 3.57710 3.53129 3.48685 3.44371 3.40183 3.36115 3.32163 3.28323 3. 4.90197 4.80773 4.71710 4.62990 4.54595 4.46511 4.38721 4.31213 4.23972 4.16987 4.10245 4.03735 3.97447 3.91371 3.85498 3. 5.85343 5.71346 5.57971 5.451825.32948 5.21236 5.10020 4.99271 4.88965 4.79079| 4.69590 4.60478 4.51723 4.433081 4.35216 4. 6.795486.60143) 6.41719 6.24214 6.07569 5.91732 5.76654 5.62288 5.48592 5.35526 5.23054 5.11141 4.99755 4.88867 4.78448 4. 7.72819 7.471997.23028 7.00205 6.78637 6.58238 6.389296.20637 6.03295 5.868425.71220 5.56376 5.42261 5.28830 5.160425. 8.65168 8.32548 8.01969 7.73274 7.46321 7.20979 6.97130 6.74664 6.53482 6.33493 6.14612 5.96764 5.79877 5.63886 5.48732 5. 9.56602 9.16224 8.78611 8.43533 8.10782 7.801697.51523 7.24689 6.99525 6.75902 6.53705 6.32825 6.131665.94637 5.77158 5. 10.471309.98259 9.53020 9.11090 8.72173 8.360098.02358 7.71008 7.41766 7.14457 6.88923 6.65022 6.42624 6.21612 6.01877 5. 11.36763 10.78685 10.252629.76048 9.30641 8.88687 8.49867 8.13896 7.80519 7.49506 7.20652 6.93770 6.68694 6.45273 6.23371 6. 12.25508 11.57534 10.95400 10.38507 9.86325 9.38384 8.94269 8.53608 8.16073 7.81369 7,49236) 7.19437) 6.91765 6.66029 6.42062 6. 13.13374 12.34837 11.63496 10.98565 10.39357 9.85268 9.35765 8.90378 8.48690 8.10336 7.74987 7.42355 7.12181 6.84236 6.58315 6. 14.00370 13.10625 12.29607 11.5631210.89864 10.29498 9.74547 9.24424 8.78615 8.36669 7.98187 7.62817 7.30249 7.00207 6.72448 6. 14.86505 13.84926 12.93794 12.11839 11.3796610.71225 10.10791 9.55948 9.060698.60608 8.19087 7.81086 7.46238 7.14217 6.84737 6. 15.71787 14.57771 13.56110 12.65230 11.83777 11.10590 10.44665 9.85137 9.31256 8.82371 8.37916 7.97399 7.60388 7.26506 6.95423 6. 16.5622515.29187 14.16612 13.16567 12.27407 11.47726 10.76322 10.12164 9.54363 9.02155 8.54879 8.11963 7.72909 7.37286 7.04716 6. 17.3982715.99203|14.75351 13.65930 12.68959 11.82760 11.0590910.37189 9.75563 9.20141 8.70162 8.24967 7.83991 7.46742 7.12797 6. 18.22601 16.6784615.32380 14.13394 13.08532 12.15812 11.33560 10.60360 9.95011 9.36492 8.83929 8.36578 7.93797 7.55037 7.19823 6. 22.24339 19.9139317.93554 16.24696 14.79864 13.55036 12.46933 11.52876 10.70661 9.98474 9.34814 8.78432 8.28288 7.83514 7.43377 7. 26.06579 22.84438 20.18845 17.98371 16.14107 14.59072 13.27767 12.15841 11.19828 10.36961 9.65011 9.02181 8.47009 7.98304 7.55088 7. 29.70267 25.4985922.13184 19.4112017.19290 15.3681413.85401 12.5869311.51784 10.60857 9.82932 9.15656 8.57170 8.05985 7.60910 7. 33.16303 27.90259 23.80822 20.5844818.01704 15.94907 14.26493 12.87858 11.72552 10.75696 9.93567 9.23303 8.62684 8.09975 7.63805 7. 36.45545 30.07996 25.25427 21.54884 18.66277 16.38318 14.55791 13.07707 11.86051 10.84909 9.99878 9.27642 8.65678 8.12047 7.65244 7. 39.58808 32.05208 26.50166 22.34147 19.16872 16.70757 14.76680 13.2121611.94823 10.90630 10.03624 9.30104 8.67302 8.13123 7.65959 7. 45.40459 35.45610 28.50583 23.52843 19.87575 17.1311115.02192 13.36668 12.04231 10.96387 10.07165 9.32294 8.68663 8.13972 7.66492 7. Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 2 3 4 17. Wozniaki Software Group acquired $1,500,000 par value, zero coupon, five-year bonds on their date of issue, January 1 of the current year. The market rate at the time of issue was 2% and interest is compounded annually. Wozniaki uses the effective interest rate method to account for this investment. The company classifies the investment as a trading security. The fair value of the bonds at the end of the year of acquisition is $1,253,000. 5 (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) 7 Read the requirements? Requirement a. Determine the purchase price of the investment in bonds. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round intermediary currency computations and your final answers to the nearest whole dollar.) The purchase price of the bonds is $ Requirement b. Prepare the journal entry to record the acquisition of the bond investment. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts to the nearest whole dollar.) Account Acquisition (1) Requirement c. Prepare an amortization table assuming that Wozniaki uses the effective interest rate method. (Complete all answer boxes. Enter a "0" for any zero balances. Round all amounts you enter into the amortization table to the nearest whole dollar and enter all amounts as positive numbers. Enter all amounts into the table as calculated using the instructed rounding. Note that rounding differences may occur. Do not "plug" effective interest and/or discount amortization amounts to adjust for any rounding differences.) Cash Effective Discount Amortized Period Interest Interest Amortization Cost Requirement d. Prepare the journal entry to record the interest income for the first two years. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts to the nearest whole dollar.) Begin by preparing the journal entry to record interest income for the first year. Account December 31, Year 1 (8) Now prepare the journal entry to record interest income for the second year. Account December 31, Year 2 (10) Requirement e. Prepare the journal entry required to adjust the investment's carrying amount to fair value at the end of the first year. (Record debits first, then credits. Exclude explanations from any journal entries. Use previously calculated amounts rounded to the nearest whole dollar, and enter any amounts into the journal entry table below to the nearest whole dollar.) Account Deceber 31, Year 1 (15) (16) Requirement f. Prepare the journal entry to record the sale of the investment on January 2 of year 2 for a net price of $1,143,000. (Record debits first, then credits. Exclude explanations from any journal entries. Use previously calculated amounts rounded to the nearest whole dollar, and enter any amounts into the journal entry table below to the nearest whole dollar.) Disposal Account (17) (18) (20) 1: Requirements a. Determine the purchase price of the investment in bonds. Prepare the journal entry to record the acquisition of the bond investment Prepare an amortization table assuming that Wozniaki uses the effective interest rate method. Prepare the journal entry to record the interest income for the first two years. Prepare the journal entry required to adjust the investment's carrying amount to fair value at the end of the first year. Prepare the journal entry to record the sale of the investment on January 2 of year 2 for a net price of $1,143,000. e. f. 2: Future Value of $1 Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 1.01000 1.02000 1.03000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.13000 1.14000 1.15000 1.020101.040401.06090 1.08160 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.27690 1.299601 1.32250 1.03030 1.06121 1.09273 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.44290 1.48154 1.52088 1.040601.082431.12551 1.16986 1.21551 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 1.63047 1.68896 1.74901 1.05101|1.104081.15927 1.21665 1.27628| 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 1.84244 1.92541 2.01136 6 1.06152 1.126161.19405 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 2.08195 2.19497 2.31306 1.072141.14869|1.22987 1.31593 1.40710 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 2.35261 2.50227 2.66002 11.08286|1.17166|1.26677 1.36857 1.47746 1.59385 1.71819 1.85093 1.99256 2.14359 2.30454 2.47596 2.65844 2.85259 3.05902 9 11.09369 1.19509 1.30477 1.42331 1.55133 1.68948 1.83846 1.99900 2.17189 2.35795) 2.55804 2.77308 3.00404 3.25195 3.51788 1.104621.21899|1.34392 1.48024 1.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.10585 3.39457 3.70722 4.04556 11 1.11567|1.24337|1.38423 1.53945 1.71034 1.89830 2.10485| 2.33164 2.58043 2.85312 3.15176 3.47855 3.83586 4.22623 4.65239 1.12683/1.26824/1.42576 1.60103 1.79586 2.01220 2.25219 2.51817 2.81266| 3.13843 3.49845 3.89598 4.33452 4.81790 5.35025 1.138091.293611.46853 1.66507 1.88565 2.13293 2.40985 2.71962 3.45227 3.88328 4.36349 4.89801 5.49241 6.15279 14 11.14947|1,31948 1,51259 1.73168) 1.97993) 2.26090 2.57853) 2.93719 3.34173 3.79750 4.31044 4.88711 5.534751 6.26135 7.07571 1.160971.34587|1.55797 1.80094 2.07893 2.39656 2.75903| 3.17217 3.64248| 4.17725 4.78459 5.47357 6.25427 7.13794 8.13706 1.17258 1.372791.60471 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 7.06733 8.13725 9.35762 17 1.18430 1.400241.65285 1.94790 2.29202 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 7.98608 9.27646 10.76126 1.19615/1.42825/1.70243 2.02582 2.40662 2.85434 3.37993| 3.99602 4.71712 5.55992 6.54355 7.68997 9.02427 10.57517 12.37545 19 1.20811 1.45681/1.75351 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 10.19742 12.05569 14.23177 1.220191.485951.80611 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 11.52309 13.74349 16.36654 1.28243 1.64061 2.09378 2.66584 3.38635 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 21.23054 26.46192 32.91895 30 1.34785 1.81136 2.42726 3.24340 4.32194 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 39.11590 50.9501666.21177 35 1.416601.99989 2.81386 3.94609 5.51602 7.68609 10.67658 14.78534 20.41397 28.10244 38.57485 52.79962 72.06851 98.10018 133.17552 1.488862.208043.26204 4.80102 7.0399910.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 132.78155 188.88351 267.86355 45 1.56481 2.43785 3.78160 5.84118 8.98501 13.7646121.00245 31.92045 48.3272972.89048 109.53024 163.98760 244.64140 363.67907 538.76927 1.644632.691594.38391 7.10668 11.46740 18.42015/29.45703 46.90161 74.35752 17.39085184.56483 289.00219 450.73593 700.23299 1,083.65744 1.81670|3.281035.8916010.51963|18.6791932.9876957.94643 01.25706 176.03129504.48164524.05724897.59693|1,530.053472,595.91866|4,383.99875 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 3: Present Value of $1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 0.990101 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86957 0. 0.98030 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645) 0.81162 0.79719 0.78315 0.76947 0.75614 0.1 0.97059 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 0.65752 0.4 0.96098 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.: 0.95147 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.58058 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.4 0.94205 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 0.43233 04 0.93272 0.87056 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.42506 0.39964 0.37594 0. 0.92348 0.85349 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.37616 0.35056 0.32690 0.: 0.91434 0.83676 0.76642 0.70259 0.64461 0.591900.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.33288 0.30751 0.28426 0.: 0.90529 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.29459 0.26974 0.24718 0.1 0.89632 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.26070 0.23662 0.21494 0. 0.88745 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.23071 0.20756 0.18691 0.87866 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.20416 0.18207 0.16253 0.86996 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.18068 0.15971 0.14133 0. 0.86135 0.74301 0.64186 0.55526 0.481020.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.15989 0.14010 0.12289 0. 0.85282 0.72845 0.62317 0.53391 0.45811 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.14150 0.12289 0.10686 0.84438) 0.71416 0.60502 0.51337] 0.43630 0.37136 0.31657 0.270271 0.23107 0.19784 0.16963 0.14564 0.12522 0.10780) 0.09293 0. 0.83602 0.70016 0.58739 0.49363 0.41552 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.11081 0.09456 0.08081 0. 0.82774 0.68643 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 0.1 0.81954 0.67297 0.55368 0.45639 0.37689 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.08678 0.07276 0.06110 0.1 0.77977 0.609530.47761 0.37512 0.29530 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0. 0.74192 0.55207 0.41199 0.30832 0.23138 0.17411 0.131371 0.09938 0.07537) 0.05731 0.04368 0.03338 0.02557) 0.01963) 0.01510 0.1 0.70591 0.50003 0.35538 0.25342 0.18129 0.13011 0.09366 0.06763 0.04899 0.03558 0.02592 0.01894 0.01388 0.01019 0.00751 0. 40 0.67165 0.45289 0.30656 0.20829 0.14205 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00753 0.00529 0.00373 0.0 0.63905 0.41020 0.26444 0.17120 0.11130 0.07265 0.04761 0.03133 0.02069 0.01372 0.00913 0.00610 0.00409 0.00275 0.00186 0. 50 0.60804 0.37153 0.22811 0.14071 0.08720 0.05429 0.03395 0.02132 0.01345 0.008528 0.00542 0.00346 0.00222 0.00143 0.00092 0. 60 0 .55045 0.30478 0.16973 0.09506 0.05354 0.03031 0.01726 0.00988 0.00568 0.00328 0.001911 0.00111 0.00065 0.00039 0.00023 0. Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 4: Future Value of an Ordinary Annuity Future Value of an Ordinary Annuity Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1 1.000000 1.000000 1.00000 1.00000 1.00000 1.000000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.010002.02000 2.03000 2.04000l 2.05000l 2.06000l 2.070001 2.08000 2.09000 2.10000 2.11000 2.12000 2.13000 3.03010 3.06040 3.09090 3.12160 3.15250 3.18360 3.21490 3.24640 3.27810 3.31000 3.34210 3.37440 3.40690 4.06040 4.12161 4.18363 4.24646 4.31013 4.37462 4.43994 4.50611 4.57313 4.64100 4.70973 4.77933 4.84980 5 5.10101 5.20404 5.30914 5.41632 5.52563 5.63709 5.75074 5.86660 5.98471 6.10510 6.22780 6.35285 6.48027 6.15202 6.30812 6.46841 6.63298 6.80191 6.97532 7.15329 7.33593 7.52333 7.71561 7.91286 8.11519 8.32271 7.21354 7.43428 7.66246 7.89829 8.14201 8.39384 8.65402 8.92280 9.20043 9.48717 9.78327 10.08901 10.40466 8.28567 8.58297 8.89234 9.21423 9.54911 9.89747 10.25980 10.63663 11.02847 11.43589 11.85943 12.29969 12.75726 9 9.36853 9.75463 10.15911 10.58280 11.02656 11.49132 11.97799 12.48756 13.02104 13.57948 14.16397 14.77566 15.41571 10 10.46221 10.94972 11.46388 12.00611 12.57789 13.18079 13.81645 14.48656 15.19293 15.93742 16.72201 17.54874 18.41975 11 11.56683) 12.16872| 12.80780 13.48635 14.20679| 14.97164 15.78360 16.64549 17.56029 18.53117 19.56143] 20.65458 21.81432 12 12.68250 13.41209 14.19203 15.02581 15.91713 16.86994 17.88845 18.97713 20.14072 21.38428 22.71319 24.13313 25.650181 13 13.80933 14.68033 15.61779 16.62684 17.71298 18.88214 20.14064 21.49530 22.95338 24.52271 26.21164 28.02911 29.98470 14 14.94742 15.97394/ 17.08632 18.29191 19.59863 21.01507) 22.55049| 24.21492 26.01919 27.97498 30.09492 32.39260 34.88271 15 16.09690 17.29342 18.59891 20.02359 21.57856| 23.27597 25.12902 27.15211 29.36092 31.77248 34.40536 37.27971 40.41746 16 17.25786) 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 30.32428 33.00340 35.94973 39.18995 42.75328 46.67173 17 18.43044 20.01207 21.76159 23.69751 25.84037 28.21288 30.84022 33.75023 36.97370 40.54470 44.50084 48.88367 53.73906 ! 18 19.61475) 21.41231 23.41444 25.64541 28.13238 30.90565 33.99903) 37.45024 41.301341 45.59917| 50.39594 55.74971/ 61.72514 20.81090 22.84056 25.11687 27.67123 30.53900 33.75999 37.37896 41.44626 46.01846 51.15909/ 56.93949 63.43968 70.74941 20 22.01900 24.29737 26.87037 29.77808 33.06595 36.78559 40.99549 45.76196 51.16012 57.27500 64.20283 72,05244 80.94683 ! 25 28.24320 32.03030 36.45926| 41.64591| 47.72710 54.86451 63.24904 73.10594 84.70090 98.34706 114.41331 133.33387 155.61956 1: 30 34.78489 40.56808 47.57542 56.08494 66.43885 79.05819 94.46079 113.28321 136.30754 164.49402199.02088 241.33268 293.19922 3! 41.66028 49.99448 60.46208) 73.65222 90.32031111.43478/138.23688 172.31680 215.71075 271.02437 341.58955 431.66350 546.68082 6! 48.88637 60.40198 75.40126 95.02552 120.79977 154.76197199.63511 259.05652 337.88245 442.59256 581.82607 767.09142 1,013.70424 1,3 45 56.48107 71.89271 92.71986121.02939159.70016212.74351 285.74931 386.50562 525.85873 718.90484 986.638561,358.23003 1,874.16463 2,5 50 64.46318) 84.57940112.79687|152.66708209.34800290.33590406.52893 573.77016) 815.08356|1,163.90853/1,668.771152,400.01825 3,459.50712 4,99 60 61.66967114.05154 163.05344237.99069353.58372533.12818|813.520381,253.213301,944.792133,034.816404,755.065847,471.6411111,761.9497918,5: Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 5: Present Value of an Ordinary Annuity Future Value of an Annuity Due Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1.01000 1.02000 1.03000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.13000 2.03010 2.06040 2.09090 2.12160 2.15250 2.18360 2.21490 2.24640 2.27810 2.31000 2.34210 2.37440 2.40690 3.06040 3.12161 3.18363 3.24646 3.31013 3.37462 3.43994 3.50611 3.57313 3.64100 3.70973 3.77933 3.84980 4.10101 4.20404 4.30914 4.41632 4.52563 4.63709 4.75074 4.86660 4.98471 5.10510 5.22780 5.35285 5.48027 5 5.15202 5.30812 5.46841 5.63298 5.80191 5.97532 6.15329 6.33593 6.52333 6.71561 6.91286 7.11519 7.32271 6 6.21354 6.43428 6.662466 .89829 7.14201 7.39384 7.65402 7.922808.200438.48717 8.78327 9.08901 9.40466 7 7.28567 7.58297] 7.892341 8.21423) 8.54911 8.89747] 9.259801 9.636631 10.02847] 10.43589) 10.85943) 11.29969 11.75726| 8 8.36853 8.75463 9.15911 9.58280 10.02656 10.49132 10.97799 11.48756 12.02104 12.57948 13.16397 13.77566 14.41571 9 9.46221 9.94972 10.46388 11.00611 11.57789) 12.18079 12.81645 13.48656 14.19293) 14.93742 15.72201 16.54874 17.41975 110.56683) 11.16872 11.80780 12.48635) 13.20679| 13.97164 14.78360 15.64549 16.56029 17.53117 18.56143 19.65458 20.81432 11 111.68250 12.41209 13.19203 14.02581 14.91713 15.8699416.88845 17.97713 19.14072 20.38428 21.71319 23.13313 24.65018 12 12.80933) 13.68033 14.61779 15.62684 16.71298 17.88214 19.14064 20.49530 21.95338) 23.52271 25.21164 27.02911 28.98470 13 13.94742 14.97394) 16.08632 17.29191) 18.59863 20.01507 21.55049 23.21492 25.01919 26.97498 29.094921 31.392601 33.88271 14 15.09690 16.29342 17.59891 19.02359 20.57856 22.27597 24.12902! 26.15211 28.36092 30.77248) 33.405361 36.27971 39.41746 16.25786 17.63929 19.15688 20.82453 22.65749 24.67253 26.88805 29.32428 32.00340 34.94973 38.18995 41.75328 45.67173 16 17.43044) 19.01207 20.76159 22.69751 24.84037 27.21288 29.84022 32.75023 35.97370 39.54470 43.50084 47.88367 52.73906 17 18.61475 20.41231 22.41444 24.64541 27.13238 29.90565 32.99903 36.45024 40.30134 44.59917 49.39594 54.74971 60.725141 18 19.81090 21.84056 24.1168726.67123 29.53900 32.75999 36.37896 40.44626 45.01846 50.15909 55.93949 62.43968 69.74941 21.01900 23.29737 25.87037 28.77808 32.06595 35.78559 39.99549 44.76196 50.160121 56.27500 63.20283 71.05244 79.94683 20 22.23919 24.78332 27.67649 30.96920 34.71925 38.99273| 43.86518 49.42292| 55.76453 63.00250 71.26514 80.69874 91.46992 25 28.52563 32.67091 37.55304 43.31174 50.11345 58.15638 67.67647| 78.95442 175.85010 21 30 35.13274 41.37944 49.00268 58.32834) 69.76079| 83.80168|101.07304 122.34587 148.57522| 180.94342| 220.91317 270.29261 331.31511 41 35 42.07688 50.99437 62.27594 76.59831 94.83632 118.12087 147.91346 186.10215 235.12472 298.12681 379.16441 483.46312 617.74933 7! 40 49.37524 61.61002 77.66330 98.82654 126.83976 164.04768213.60957 279.78104 368.29187 486.85181 645.82693 859.14239 1,145.48579 1,5 45 57.04589 73.33056 95.50146125.87057167.68516225.50812305.75176 417.42607 573.18602 790.795321,095.16880 1,521.21764 2,117.80603 2,9! 65.10781 86.27099116.1807758.77377|219.81540307.75606434.98595 619.67177 888.441081,280.299381,852.33598 2,688.02044 3,909.24304 5,6 60 $2.48637116.33257167.94504247.51031 371.26290565.11587|870.466811,353.470362,119.823423,338.298035,278.123088,368.2380513,291.0032721,1; Periods 1% 2% 3% 4% 5% 6% 7% 8% 10% 11% 12% 13% 7: Present Value of an Annuity Due Present Value of an Annuity Due Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 100000 1.00000 1. 1.99010 1.98039 1.97087 1.96154 1.95238 1.94340 1.93458 1.92593 1.91743 1.90909 1.90090 1.89286 1.88496 1.87719 1.86957 1. 2.97040 2.94156 2.91347 2.88609 2.85941 2.83339 2.80802 2.78326 2.75911 2.73554 2.71252 2.69005 2.66810 2.64666 2.62571 2. | 3.94099 3.88388 3.82861 3.77509 3.72325 3.67301 3.62432 3.57710 3.53129 3.48685 3.44371 3.40183 3.36115 3.32163 3.28323 3. 4.90197 4.80773 4.71710 4.62990 4.54595 4.46511 4.38721 4.31213 4.23972 4.16987 4.10245 4.03735 3.97447 3.91371 3.85498 3. 5.85343 5.71346 5.57971 5.451825.32948 5.21236 5.10020 4.99271 4.88965 4.79079| 4.69590 4.60478 4.51723 4.433081 4.35216 4. 6.795486.60143) 6.41719 6.24214 6.07569 5.91732 5.76654 5.62288 5.48592 5.35526 5.23054 5.11141 4.99755 4.88867 4.78448 4. 7.72819 7.471997.23028 7.00205 6.78637 6.58238 6.389296.20637 6.03295 5.868425.71220 5.56376 5.42261 5.28830 5.160425. 8.65168 8.32548 8.01969 7.73274 7.46321 7.20979 6.97130 6.74664 6.53482 6.33493 6.14612 5.96764 5.79877 5.63886 5.48732 5. 9.56602 9.16224 8.78611 8.43533 8.10782 7.801697.51523 7.24689 6.99525 6.75902 6.53705 6.32825 6.131665.94637 5.77158 5. 10.471309.98259 9.53020 9.11090 8.72173 8.360098.02358 7.71008 7.41766 7.14457 6.88923 6.65022 6.42624 6.21612 6.01877 5. 11.36763 10.78685 10.252629.76048 9.30641 8.88687 8.49867 8.13896 7.80519 7.49506 7.20652 6.93770 6.68694 6.45273 6.23371 6. 12.25508 11.57534 10.95400 10.38507 9.86325 9.38384 8.94269 8.53608 8.16073 7.81369 7,49236) 7.19437) 6.91765 6.66029 6.42062 6. 13.13374 12.34837 11.63496 10.98565 10.39357 9.85268 9.35765 8.90378 8.48690 8.10336 7.74987 7.42355 7.12181 6.84236 6.58315 6. 14.00370 13.10625 12.29607 11.5631210.89864 10.29498 9.74547 9.24424 8.78615 8.36669 7.98187 7.62817 7.30249 7.00207 6.72448 6. 14.86505 13.84926 12.93794 12.11839 11.3796610.71225 10.10791 9.55948 9.060698.60608 8.19087 7.81086 7.46238 7.14217 6.84737 6. 15.71787 14.57771 13.56110 12.65230 11.83777 11.10590 10.44665 9.85137 9.31256 8.82371 8.37916 7.97399 7.60388 7.26506 6.95423 6. 16.5622515.29187 14.16612 13.16567 12.27407 11.47726 10.76322 10.12164 9.54363 9.02155 8.54879 8.11963 7.72909 7.37286 7.04716 6. 17.3982715.99203|14.75351 13.65930 12.68959 11.82760 11.0590910.37189 9.75563 9.20141 8.70162 8.24967 7.83991 7.46742 7.12797 6. 18.22601 16.6784615.32380 14.13394 13.08532 12.15812 11.33560 10.60360 9.95011 9.36492 8.83929 8.36578 7.93797 7.55037 7.19823 6. 22.24339 19.9139317.93554 16.24696 14.79864 13.55036 12.46933 11.52876 10.70661 9.98474 9.34814 8.78432 8.28288 7.83514 7.43377 7. 26.06579 22.84438 20.18845 17.98371 16.14107 14.59072 13.27767 12.15841 11.19828 10.36961 9.65011 9.02181 8.47009 7.98304 7.55088 7. 29.70267 25.4985922.13184 19.4112017.19290 15.3681413.85401 12.5869311.51784 10.60857 9.82932 9.15656 8.57170 8.05985 7.60910 7. 33.16303 27.90259 23.80822 20.5844818.01704 15.94907 14.26493 12.87858 11.72552 10.75696 9.93567 9.23303 8.62684 8.09975 7.63805 7. 36.45545 30.07996 25.25427 21.54884 18.66277 16.38318 14.55791 13.07707 11.86051 10.84909 9.99878 9.27642 8.65678 8.12047 7.65244 7. 39.58808 32.05208 26.50166 22.34147 19.16872 16.70757 14.76680 13.2121611.94823 10.90630 10.03624 9.30104 8.67302 8.13123 7.65959 7. 45.40459 35.45610 28.50583 23.52843 19.87575 17.1311115.02192 13.36668 12.04231 10.96387 10.07165 9.32294 8.68663 8.13972 7.66492 7. Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15%