Bates Company issued $2,000,000, 15-year bonds and agreed to make annual sinking fund deposits of $78,500. The deposits are made at the end of each year into an account paying 7% annual interest.

edugen.wileyplus.com References 29.77808 33.06595 36.78559 40.9955 45.76196 51.16012 57.27500 64.20283 72.05244 102.44358 TABLE 3 Present Value of 1 (n) Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 1 .96154 .95238 .94340 0.93458 .92593 .91743 .90909 .90090 .89286 .86957 .92456 .90703 .89000 0.87344 .85734 .84168 .82645 .81162 .79719 .75614 .88900 .86384 .83962 0.81630 .79383 .77218 .75132 .73119 .71178 .65752 .85480 .82270 .79209 0.76290 .73503 .70843 .68301 .65873 .63552 .57175 .82193 .78353 .74726 0.71299 .68058 .64993 .62092 .59345 .56743 .49718 .79031 .74622 .70496 0.66634 .63017 .59627 .56447 .53464 .50663 .43233 .75992 .71068 .66506 0.62275 .58349 .54703 .51316 .48166 .45235 .37594 .73069 .67684 .62741 0.58201 .54027 .50187 .46651 .43393 .40388 .32690 .70259 .64461 .59190 0.54393 .50025 .46043 .42410 .39092 .36061 .28426 .67556 .61391 .55839 0.50835 .46319 .42241 .38554 .35218 .32197 .24719 .64958 .58468 .52679 0.47509 .42888 .38753 .35049 .31728 .28748 .21494 .62460 .55684 .49697 0.44401 .39711 .35554 .31863 .28584 .25668 .18691 .60057 .53032 .46884 041496 .36770 .32618 .28966 .25751 .22917 . 16253 .57748 .50507 .44230 0.38782 .34046 .29925 .26333 .23199 .20462 .14133 .55526 .48102 .41727 0.36245 .31524 .27454 .23939 .20900 .18270 .12289 .53391 .45811 .39365 0.33873 .29189 .25187 .21763 .18829 .16312 .10687 .51337 .43630 .37136 0.31657 .27027 .23107 .19785 .16963 .14564 .09293 .49363 .41552 .35034 0.29586 .25025 .21199 .17986 .15282 .13004 .08081 .47464 .39573 .33051 0.27615 .23171 .19449 .16351 .13768 .11611 .07027 .45639 .37689 .31180 0.25842 .21455 .17843 .14864 .12403 .10367 .06110 TABLE 4 Present Value of an Annuity of 1 1..) n\"...- am .1 n/ EJIL C' Safari File Edit View History Bookmarks Window Help L: Q '1) >8 '53 65%-' Sun 8:39 PM 0135' .@O edugen.wi|eyplus.com References 20 .45639 .37689 .31180 0.25842 .21455 .17843 .14864 .12403 .10367 .06110 TABLE 4 Present Value of an Annuity of 1 (n) Payments 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 1 .96154 .95238 .94340 .93458 .92593 .91743 .90909 .90090 .89286 .86957 2 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 3 2.77509 2.72325 2.67301 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 4 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 5 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 6 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 7 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 8 6.73274 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 9 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 10 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 11 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 12 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 13 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 14 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 15 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 16 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 17 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 18 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 19 13.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 20 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 Copyrigh1 2015, 2012, 2010, 2008, 2005, 2002, 2000 Juhn Wiley & Sans, Inc. All rights reserved, ENE. 'mi a'eFGWhLT