Bonita Co. is building a new hockey arena at a cost of $2,310,000. It received a downpayment of $490,000 from local businesses to support the project, and now needs to borrow $1,820,000 to complete the project. It therefore decides to issue $1,820,000 of 12.0%,10-year bonds. These bonds were issued on January 1,2024 , and pay interest annually on each January 1 . The bonds yield 11%. Click here to view factor table. (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2024. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places, e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Prepare a bond amortization schedule up to and including January 1, 2028, using the effective-interest method. (Round present value factor to 5 decimal places, e.g. 1.24356 and final answers to 0 decimal places, e.g. 38,548.) Assume that on July 1,2027, Bonita Co. redeems half of the bonds at a cost of $1,001,900 plus accrued interest. Prepare the journal entry to record this redemption. (Round present value factor to 5 decimal places, e.g. 1.24356 and final answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) TABLE 6.1 Future Value of 1 (Future Value of a Single Sum) \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & & Fn,j=(1+ & & & \\ \hline Periods & 2% & 221% & 3% & 4% & 5% & 6% \\ \hline 1 & 1.02000 & 1.02500 & 1.03000 & 1.04000 & 1.05000 & 1.06000 \\ \hline 2 & 1.04040 & 1.05063 & 1.06090 & 1.08160 & 1.10250 & 1.12360 \\ \hline 3 & 1.06121 & 1.07689 & 1.09273 & 1.12486 & 1.15763 & 1.19102 \\ \hline 4 & 1.08243 & 1.10381 & 1.12551 & 1.16986 & 1.21551 & 1.26248 \\ \hline 5 & 1.10408 & 1.13141 & 1.15927 & 1.21665 & 1.27628 & 1.33823 \\ \hline 6 & 1.12616 & 1.15969 & 1.19405 & 1.26532 & 1.34010 & 1.41852 \\ \hline 7 & 1.14869 & 1.18869 & 1.22987 & 1.31593 & 1.40710 & 1.50363 \\ \hline 8 & 1.17166 & 1.21840 & 1.26677 & 1.36857 & 1.47746 & 1.59385 \\ \hline 9 & 1.19509 & 1.24886 & 1.30477 & 1.42331 & 1.55133 & 1.68948 \\ \hline 10 & 1.21899 & 1.28008 & 1.34392 & 1.48024 & 1.62889 & 1.79085 \\ \hline 11 & 1.24337 & 1.31209 & 1.38423 & 1.53945 & 1.71034 & 1.89830 \\ \hline 12 & 1.26824 & 1.34489 & 1.42576 & 1.60103 & 1.79586 & 2.01220 \\ \hline 13 & 1.29361 & 1.37851 & 1.46853 & 1.66507 & 1.88565 & 2.13293 \\ \hline 14 & 1.31948 & 1.41297 & 1.51259 & 1.73168 & 1.97993 & 2.26090 \\ \hline 15 & 1.34587 & 1.44830 & 1.55797 & 1.80094 & 2.07893 & 2.39656 \\ \hline 16 & 1.37279 & 1.48451 & 1.60471 & 1.87298 & 2.18287 & 2.54035 \\ \hline 17 & 1.40024 & 1.52162 & 1.65285 & 1.94790 & 2.29202 & 2.69277 \\ \hline 18 & 1.42825 & 1.55966 & 1.70243 & 2.02582 & 2.40662 & 2.85434 \\ \hline 19 & 1.45681 & 1.59865 & 1.75351 & 2.10685 & 2.52695 & 3.02560 \\ \hline 20 & 1.48595 & 1.63862 & 1.80611 & 2.19112 & 2.65330 & 3.20714 \\ \hline 21 & 1.51567 & 1.67958 & 1.86029 & 2.27877 & 2.78596 & 3.39956 \\ \hline 22 & 1.54598 & 1.72157 & 1.91610 & 2.36992 & 2.92526 & 3.60354 \\ \hline 23 & 1.57690 & 1.76461 & 1.97359 & 2.46472 & 3.07152 & 3.81975 \\ \hline 24 & 1.60844 & 1.80873 & 2.03279 & 2.56330 & 3.22510 & 4.04893 \\ \hline 25 & 1.64061 & 1.85394 & 2.09378 & 2.66584 & 3.38635 & 4.29187 \\ \hline 26 & 1.67342 & 1.90029 & 2.15659 & 2.77247 & 3.55567 & 4.54938 \\ \hline 27 & 1.70689 & 1.94780 & 2.22129 & 2.88337 & 3.73346 & 4.82235 \\ \hline 28 & 1.74102 & 1.99650 & 2.28793 & 2.99870 & 3.92013 & 5.11169 \\ \hline 29 & 1.77584 & 2.04641 & 2.35657 & 3.11865 & 4.11614 & 5.41839 \\ \hline 30 & 1.81136 & 2.09757 & 2.42726 & 3.24340 & 4.32194 & 5.74349 \\ \hline 31 & 1.84759 & 2.15001 & 2.50008 & 3.37313 & 4.53804 & 6.08810 \\ \hline 32 & 1.88454 & 2.20376 & 2.57508 & 3.50806 & 4.76494 & 6.45339 \\ \hline 33 & 1.92223 & 2.25885 & 2.65234 & 3.64838 & 5.00319 & 6.84059 \\ \hline 34 & 1.96068 & 2.31532 & 2.73191 & 3.79432 & 5.25335 & 7.25103 \\ \hline 35 & 1.99989 & 2.37321 & 2.81386 & 3.94609 & 5.51602 & 7.68609 \\ \hline 36 & 2.03989 & 2.43254 & 2.89828 & 4.10393 & 5.79182 & 8.14725 \\ \hline 37 & 2.08069 & 2.49335 & 2.98523 & 4.26809 & 6.08141 & 8.63609 \\ \hline 38 & 2.12230 & 2.55568 & 3.07478 & 4.43881 & 6.38548 & 9.15425 \\ \hline 39 & 2.16474 & 2.61957 & 3.16703 & 4.61637 & 6.70475 & 9.70351 \\ \hline 40 & 2.20804 & 2.68506 & 3.26204 & 4.80102 & 7.03999 & 10.28572 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & \begin{tabular}{c} (n) \\ Periods \\ \end{tabular} \\ \hline 1.08000 & 1.09000 & 1.10000 & 1.11000 & 1.12000 & 1.15000 & 1 \\ \hline 1.16640 & 1.18810 & 1.21000 & 1.23210 & 1.25440 & 1.32250 & 2 \\ \hline 1.25971 & 1.29503 & 1.33100 & 1.36763 & 1.40493 & 1.52088 & 3 \\ \hline 1.36049 & 1.41158 & 1.46410 & 1.51807 & 1.57352 & 1.74901 & 4 \\ \hline 1.46933 & 1.53862 & 1.61051 & 1.68506 & 1.76234 & 2.01136 & 5 \\ \hline 1.58687 & 1.67710 & 1.77156 & 1.87041 & 1.97382 & 2.31306 & 6 \\ \hline 1.71382 & 1.82804 & 1.94872 & 2.07616 & 2.21068 & 2.66002 & 7 \\ \hline 1.85093 & 1.99256 & 2.14359 & 2.30454 & 2.47596 & 3.05902 & 8 \\ \hline 1.99900 & 2.17189 & 2.35795 & 2.55803 & 2.77308 & 3.51788 & 9 \\ \hline 2.15892 & 2.36736 & 2.59374 & 2.83942 & 3.10585 & 4.04556 & 10 \\ \hline 2.33164 & 2.58043 & 2.85312 & 3.15176 & 3.47855 & 4.65239 & 11 \\ \hline 2.51817 & 2.81267 & 3.13843 & 3.49845 & 3.89598 & 5.35025 & 12 \\ \hline 2.71962 & 3.06581 & 3.45227 & 3.88328 & 4.36349 & 6.15279 & 13 \\ \hline 2.93719 & 3.34173 & 3.79750 & 4.31044 & 4.88711 & 7.07571 & 14 \\ \hline 3.17217 & 3.64248 & 4.17725 & 4.78459 & 5.47357 & 8.13706 & 15 \\ \hline 3.42594 & 3.97031 & 4.59497 & 5.31089 & 6.13039 & 9.35762 & 16 \\ \hline 3.70002 & 4.32763 & 5.05447 & 5.89509 & 6.86604 & 10.76126 & 17 \\ \hline 3.99602 & 4.71712 & 5.55992 & 6.54355 & 7.68997 & 12.37545 & 18 \\ \hline 4.31570 & 5.14166 & 6.11591 & 7.26334 & 8.61276 & 14.23177 & 19 \\ \hline 4.66096 & 5.60441 & 6.72750 & 8.06231 & 9.64629 & 16.36654 & 20 \\ \hline 5.03383 & 6.10881 & 7.40025 & 8.94917 & 10.80385 & 18.82152 & 21 \\ \hline 5.43654 & 6.65860 & 8.14028 & 9.93357 & 12.10031 & 21.64475 & 22 \\ \hline 5.87146 & 7.25787 & 8.95430 & 11.02627 & 13.55235 & 24.89146 & 23 \\ \hline 6.34118 & 7.91108 & 9.84973 & 12.23916 & 15.17863 & 28.62518 & 24 \\ \hline 6.84847 & 8.62308 & 10.83471 & 13.58546 & 17.00000 & 32.91895 & 25 \\ \hline 7.39635 & 9.39916 & 11.91818 & 15.07986 & 19.04007 & 37.85680 & 26 \\ \hline 7.98806 & 10.24508 & 13.10999 & 16.73865 & 21.32488 & 43.53532 & 27 \\ \hline 8.62711 & 11.16714 & 14.42099 & 18.57990 & 23.88387 & 50.06561 & 28 \\ \hline 9.31727 & 12.17218 & 15.86309 & 20.62369 & 26.74993 & 57.57545 & 29 \\ \hline 10.06266 & 13.26768 & 17.44940 & 22.89230 & 29.95992 & 66.21177 & 30 \\ \hline 10.86767 & 14.46177 & 19.19434 & 25.41045 & 33.55511 & 76.14354 & 31 \\ \hline 11.73708 & 15.76333 & 21.11378 & 28.20560 & 37.58173 & 87.56507 & 32 \\ \hline 12.67605 & 17.18203 & 23.22515 & 31.30821 & 42.09153 & 100.69983 & 33 \\ \hline 13.69013 & 18.72841 & 25.54767 & 34.75212 & 47.14252 & 115.80480 & 34 \\ \hline 14.78534 & 20.41397 & 28.10244 & 38.57485 & 52.79962 & 133.17552 & 35 \\ \hline 15.96817 & 22.25123 & 30.91268 & 42.81808 & 59.13557 & 153.15185 & 36 \\ \hline 17.24563 & 24.25384 & 34.00395 & 47.52807 & 66.23184 & 176.12463 & 37 \\ \hline 18.62528 & 26.43668 & 37.40434 & 52.75616 & 74.17966 & 202.54332 & 38 \\ \hline 20.11530 & 28.81598 & 41.14479 & 58.55934 & 83.08122 & 232.92482 & 39 \\ \hline 21.72452 & 31.40942 & 45.25926 & 65.00087 & 93.05097 & 267.86355 & 40 \\ \hline \end{tabular} TABLE 6.2 Present Value of 1 (Present Value of a Single Sum) \begin{tabular}{|c|c|c|c|c|c|c|} \hline & & PV & 1+i)n1= & & & \\ \hline Periods & 2% & 21/2% & 3% & 4% & 5% & 6% \\ \hline 1 & .98039 & .97561 & .97087 & .96154 & .95238 & .94340 \\ \hline 2 & .96117 & .95181 & .94260 & .92456 & .90703 & .89000 \\ \hline 3 & .94232 & .92860 & .91514 & .88900 & .86384 & .83962 \\ \hline 4 & .92385 & .90595 & .88849 & .85480 & .82270 & .79209 \\ \hline 5 & .90573 & .88385 & .86261 & .82193 & .78353 & .74726 \\ \hline 6 & .88797 & .86230 & .83748 & .79031 & .74622 & .70496 \\ \hline 7 & .87056 & .84127 & .81309 & .75992 & .71068 & .66506 \\ \hline 8 & .85349 & .82075 & .78941 & .73069 & .67684 & .62741 \\ \hline 9 & .83676 & .80073 & .76642 & .70259 & .64461 & .59190 \\ \hline 10 & .82035 & .78120 & .74409 & .67556 & .61391 & .55839 \\ \hline 11 & .80426 & .76214 & .72242 & .64958 & .58468 & .52679 \\ \hline 12 & .78849 & .74356 & .70138 & .62460 & .55684 & .49697 \\ \hline 13 & .77303 & .72542 & .68095 & .60057 & .53032 & .46884 \\ \hline 14 & .75788 & .70773 & .66112 & .57748 & .50507 & .44230 \\ \hline 15 & .74301 & .69047 & .64186 & .55526 & .48102 & .41727 \\ \hline 16 & .72845 & .67362 & .62317 & .53391 & .45811 & .39365 \\ \hline 17 & .71416 & .65720 & .60502 & .51337 & .43630 & .37136 \\ \hline 18 & .70016 & .64117 & .58739 & .49363 & .41552 & .35034 \\ \hline 19 & .68643 & .62553 & .57029 & .47464 & .39573 & .33051 \\ \hline 20 & .67297 & .61027 & .55368 & .45639 & .37689 & .31180 \\ \hline 21 & .65978 & .59539 & .53755 & .43883 & .35894 & 29416 \\ \hline 22 & .64684 & .58086 & .52189 & .42196 & .34185 & .27751 \\ \hline 23 & .63416 & .56670 & .50669 & .40573 & .32557 & .26180 \\ \hline 24 & .62172 & .55288 & .49193 & .39012 & .31007 & 24698 \\ \hline 25 & .60953 & .53939 & .47761 & .37512 & .29530 & .23300 \\ \hline 26 & .59758 & .52623 & .46369 & .36069 & .28124 & .21981 \\ \hline 27 & .58586 & .51340 & .45019 & .34682 & .26785 & .20737 \\ \hline 28 & .57437 & .50088 & .43708 & .33348 & .25509 & .19563 \\ \hline 29 & .56311 & .48866 & .42435 & .32065 & .24295 & .18456 \\ \hline 30 & .55207 & .47674 & .41199 & .30832 & .23138 & .17411 \\ \hline 31 & .54125 & .46511 & .39999 & .29646 & .22036 & .16425 \\ \hline 32 & .53063 & .45377 & .38834 & .28506 & .20987 & .15496 \\ \hline 33 & .52023 & .44270 & .37703 & .27409 & .19987 & .14619 \\ \hline 34 & .51003 & .43191 & .36604 & .26355 & .19035 & .13791 \\ \hline 35 & .50003 & .42137 & .35538 & .25342 & .18129 & .13011 \\ \hline 36 & .49022 & .41109 & .34503 & .24367 & .17266 & .12274 \\ \hline 37 & .48061 & .40107 & .33498 & .23430 & .16444 & .11579 \\ \hline 38 & .47119 & .39128 & .32523 & 22529 & .15661 & .10924 \\ \hline 39 & .46195 & .38174 & .31575 & .21662 & .14915 & .10306 \\ \hline 40 & .45289 & .37243 & .30656 & .20829 & .14205 & .09722 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & Periods \\ \hline .92593 & .91743 & .90909 & .90090 & .89286 & .86957 & 1 \\ \hline .85734 & .84168 & .82645 & .81162 & .79719 & .75614 & 2 \\ \hline .79383 & .77218 & .75132 & .73119 & .71178 & .65752 & 3 \\ \hline .73503 & .70843 & .68301 & .65873 & .63552 & .57175 & 4 \\ \hline .68058 & .64993 & .62092 & .59345 & .56743 & .49718 & 5 \\ \hline .63017 & .59627 & .56447 & .53464 & .50663 & .43233 & 6 \\ \hline .58349 & .54703 & .51316 & .48166 & .45235 & .37594 & 7 \\ \hline .54027 & .50187 & .46651 & .43393 & .40388 & .32690 & 8 \\ \hline .50025 & .46043 & .42410 & .39092 & .36061 & .28426 & 9 \\ \hline .46319 & .42241 & .38554 & .35218 & .32197 & .24719 & 10 \\ \hline .42888 & .38753 & .35049 & .31728 & .28748 & .21494 & 11 \\ \hline .39711 & .35554 & 31863 & .28584 & 25668 & .18691 & 12 \\ \hline .36770 & .32618 & .28966 & .25751 & .22917 & .16253 & 13 \\ \hline .34046 & .29925 & .26333 & .23199 & 20462 & .14133 & 14 \\ \hline .31524 & .27454 & .23939 & .20900 & .18270 & .12289 & 15 \\ \hline .29189 & .25187 & .21763 & .18829 & .16312 & .10687 & 16 \\ \hline .27027 & .23107 & .19785 & .16963 & .14564 & .09293 & 17 \\ \hline .25025 & .21199 & .17986 & .15282 & .13004 & .08081 & 18 \\ \hline .23171 & .19449 & .16351 & .13768 & .11611 & .07027 & 19 \\ \hline .21455 & .17843 & .14864 & .12403 & .10367 & .06110 & 20 \\ \hline .19866 & .16370 & .13513 & .11174 & .09256 & .05313 & 21 \\ \hline .18394 & .15018 & .12285 & .10067 & .08264 & .04620 & 22 \\ \hline .17032 & .13778 & .11168 & .09069 & .07379 & .04017 & 23 \\ \hline .15770 & .12641 & .10153 & .08170 & .06588 & .03493 & 24 \\ \hline .14602 & .11597 & .09230 & .07361 & .05882 & .03038 & 25 \\ \hline .13520 & .10639 & .08391 & .06631 & .05252 & .02642 & 26 \\ \hline .12519 & .09761 & .07628 & .05974 & .04689 & .02297 & 27 \\ \hline .11591 & .08955 & .06934 & .05382 & .04187 & .01997 & 28 \\ \hline .10733 & .08216 & .06304 & .04849 & .03738 & .01737 & 29 \\ \hline .09938 & .07537 & .05731 & .04368 & .03338 & .01510 & 30 \\ \hline .09202 & .06915 & .05210 & .03935 & .02980 & .01313 & 31 \\ \hline .08520 & .06344 & .04736 & .03545 & .02661 & .01142 & 32 \\ \hline .07889 & .05820 & .04306 & .03194 & .02376 & .00993 & 33 \\ \hline .07305 & .05340 & .03914 & .02878 & .02121 & .00864 & 34 \\ \hline .06763 & .04899 & .03558 & .02592 & .01894 & .00751 & 35 \\ \hline .06262 & .04494 & .03235 & .02335 & .01691 & .00653 & 36 \\ \hline .05799 & .04123 & .02941 & .02104 & .01510 & .00568 & 37 \\ \hline .05369 & .03783 & .02674 & .01896 & .01348 & .00494 & 38 \\ \hline .04971 & .03470 & .02430 & .01708 & .01204 & .00429 & 39 \\ \hline .04603 & .03184 & .02210 & .01538 & .01075 & .00373 & 40 \\ \hline \end{tabular} TABLE 6.3 Future Value of an Ordinary Annuity of 1 \begin{tabular}{|c|c|c|c|c|c|c|} \hline(n) & \multicolumn{6}{|c|}{FVF=OAn,i=i(1+i)n1} \\ \hline Periods & 2% & 221% & 3% & 4% & 5% & 6% \\ \hline 1 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 \\ \hline 2 & 2.02000 & 2.02500 & 2.03000 & 2.04000 & 2.05000 & 2.06000 \\ \hline 3 & 3.06040 & 3.07563 & 3.09090 & 3.12160 & 3.15250 & 3.18360 \\ \hline 4 & 4.12161 & 4.15252 & 4.18363 & 4.24646 & 4.31013 & 4.37462 \\ \hline 5 & 5.20404 & 5.25633 & 5.30914 & 5.41632 & 5.52563 & 5.63709 \\ \hline 6 & 6.30812 & 6.38774 & 6.46841 & 6.63298 & 6.80191 & 6.97532 \\ \hline 7 & 7.43428 & 7.54743 & 7.66246 & 7.89829 & 8.14201 & 8.39384 \\ \hline 8 & 8.58297 & 8.73612 & 8.89234 & 9.21423 & 9.54911 & 9.89747 \\ \hline 9 & 9.75463 & 9.95452 & 10.15911 & 10.58280 & 11.02656 & 11.49132 \\ \hline 10 & 10.94972 & 11.20338 & 11.46338 & 12.00611 & 12.57789 & 13.18079 \\ \hline 11 & 12.16872 & 12.48347 & 12.80780 & 13.48635 & 14.20679 & 14.97164 \\ \hline 12 & 13.41209 & 13.79555 & 14.19203 & 15.02581 & 15.91713 & 16.86994 \\ \hline 13 & 14.68033 & 15.14044 & 15.61779 & 16.62684 & 17.71298 & 18.88214 \\ \hline 14 & 15.97394 & 16.51895 & 17.08632 & 18.29191 & 19.59863 & 21.01507 \\ \hline 15 & 17.29342 & 17.93193 & 18.59891 & 20.02359 & 21.57856 & 23.27597 \\ \hline 16 & 18.63929 & 19.38022 & 20.15688 & 21.82453 & 23.65749 & 25.67253 \\ \hline 17 & 20.01207 & 20.86473 & 21.76159 & 23.69751 & 25.84037 & 28.21288 \\ \hline 18 & 21.41231 & 22.38635 & 23.41444 & 25.64541 & 28.13238 & 30.90565 \\ \hline 19 & 22.84056 & 23.94601 & 25.11687 & 27.67123 & 30.53900 & 33.75999 \\ \hline 20 & 24.29737 & 25.54466 & 26.87037 & 29.77808 & 33.06595 & 36.78559 \\ \hline 21 & 25.78332 & 27.18327 & 28.67649 & 31.96920 & 35.71925 & 39.99273 \\ \hline 22 & 27.29898 & 28.86286 & 30.53678 & 34.24797 & 38.50521 & 43.39229 \\ \hline 23 & 28.84496 & 30.58443 & 32.45288 & 36.61789 & 41.43048 & 46.99583 \\ \hline 24 & 30.42186 & 32.34904 & 34.42647 & 39.08260 & 44.50200 & 50.81558 \\ \hline 25 & 32.03030 & 34.15776 & 36.45926 & 41.64591 & 47.72710 & 54.86451 \\ \hline 26 & 33.67091 & 36.01171 & 38.55304 & 44.31174 & 51.11345 & 59.15638 \\ \hline 27 & 35.34432 & 37.91200 & 40.70963 & 47.08421 & 54.66913 & 63.70577 \\ \hline 28 & 37.05121 & 39.85980 & 42.93092 & 49.96758 & 58.40258 & 68.52811 \\ \hline 29 & 38.79223 & 41.85630 & 45.21885 & 52.96629 & 62.32271 & 73.63980 \\ \hline 30 & 40.56808 & 43.90270 & 47.57542 & 56.08494 & 66.43885 & 79.05819 \\ \hline 31 & 42.37944 & 46.00027 & 50.00268 & 59.32834 & 70.76079 & 84.80168 \\ \hline 32 & 44.22703 & 48.15028 & 52.50276 & 62.70147 & 75.29883 & 90.88978 \\ \hline 33 & 46.11157 & 50.35403 & 55.07784 & 66.20953 & 80.06377 & 97.34316 \\ \hline 34 & 48.03380 & 52.61289 & 57.73018 & 69.85791 & 85.06696 & 104.18376 \\ \hline 35 & 49.99448 & 54.92821 & 60.46208 & 73.65222 & 90.32031 & 111.43478 \\ \hline 36 & 51.99437 & 57.30141 & 63.27594 & 77.59831 & 95.83632 & 119.12087 \\ \hline 37 & 54.03425 & 59.73395 & 66.17422 & 81.70225 & 101.62814 & 127.26812 \\ \hline 38 & 56.11494 & 62.22730 & 69.15945 & 85.97034 & 107.70955 & 135.90421 \\ \hline 39 & 58.23724 & 64.78298 & 72.23423 & 90.40915 & 114.09502 & 145.05846 \\ \hline 40 & 60.40198 & 67.40255 & 75.40126 & 95.02552 & 120.79977 & 154.76197 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & Periods \\ \hline 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1 \\ \hline 2.08000 & 2.09000 & 2.10000 & 2.11000 & 2.12000 & 2.15000 & 2 \\ \hline 3.24640 & 3.27810 & 3.31000 & 3.34210 & 3.37440 & 3.47250 & 3 \\ \hline 4.50611 & 4.57313 & 4.64100 & 4.70973 & 4.77933 & 4.99338 & 4 \\ \hline 5.86660 & 5.98471 & 6.10510 & 6.22780 & 6.35285 & 6.74238 & 5 \\ \hline 7.33592 & 7.52334 & 7.71561 & 7.91286 & 8.11519 & 8.75374 & 6 \\ \hline 8.92280 & 9.20044 & 9.48717 & 9.78327 & 10.08901 & 11.06680 & 7 \\ \hline 10.63663 & 11.02847 & 11.43589 & 11.85943 & 12.29969 & 13.72682 & 8 \\ \hline 12.48756 & 13.02104 & 13.57948 & 14.16397 & 14.77566 & 16.78584 & 9 \\ \hline 14.48656 & 15.19293 & 15.93743 & 16.72201 & 17.54874 & 20.30372 & 10 \\ \hline 16.64549 & 17.56029 & 18.53117 & 19.56143 & 20.65458 & 24.34928 & 11 \\ \hline 18.97713 & 20.14072 & 21.38428 & 22.71319 & 24.13313 & 29.00167 & 12 \\ \hline 21.49530 & 22.95339 & 24.52271 & 26.21164 & 28.02911 & 34.35192 & 13 \\ \hline 24.21492 & 26.01919 & 27.97498 & 30.09492 & 32.39260 & 40.50471 & 14 \\ \hline 27.15211 & 29.36092 & 31.77248 & 34.40536 & 37.27972 & 47.58041 & 15 \\ \hline 30.32428 & 33.00340 & 35.94973 & 39.18995 & 42.75328 & 55.71747 & 16 \\ \hline 33.75023 & 36.97371 & 40.54470 & 44.50084 & 48.88367 & 65.07509 & 17 \\ \hline 37.45024 & 41.30134 & 45.59917 & 50.39593 & 55.74972 & 75.83636 & 18 \\ \hline 41.44626 & 46.01846 & 51.15909 & 56.93949 & 63.43968 & 88.21181 & 19 \\ \hline 45.76196 & 51.16012 & 57.27500 & 64.20283 & 72.05244 & 102.44358 & 20 \\ \hline 50.42292 & 56.76453 & 64.00250 & 72.26514 & 81.69874 & 118.81012 & 21 \\ \hline 55.45676 & 62.87334 & 71.40275 & 81.21431 & 92.50258 & 137.63164 & 22 \\ \hline 60.89330 & 69.53194 & 79.54302 & 91.14788 & 104.60289 & 159.27638 & 23 \\ \hline 66.76476 & 76.78981 & 88.49733 & 102.17415 & 118.15524 & 184.16784 & 24 \\ \hline 73.10594 & 84.70090 & 98.34706 & 114.41331 & 133.33387 & 212.79302 & 25 \\ \hline 79.95442 & 93.32398 & 109.18177 & 127.99877 & 150.33393 & 245.71197 & 26 \\ \hline 87.35077 & 102.72314 & 121.09994 & 143.07864 & 169.37401 & 283.56877 & 27 \\ \hline 95.33883 & 112.96822 & 134.20994 & 159.81729 & 190.69889 & 327.10408 & 28 \\ \hline 103.96594 & 124.13536 & 148.63093 & 178.39719 & 214.58275 & 377.16969 & 29 \\ \hline 113.28321 & 136.30754 & 164.49402 & 199.02088 & 241.33268 & 434.74515 & 30 \\ \hline 123.34587 & 149.57522 & 181.94343 & 221.91317 & 271.29261 & 500.95692 & 31 \\ \hline 134.21354 & 164.03699 & 201.13777 & 247.32362 & 304.84772 & 577.10046 & 32 \\ \hline 145.95062 & 179.80032 & 222.25154 & 275.52922 & 342.42945 & 644.66553 & 33 \\ \hline 158.62667 & 196.98234 & 245.47670 & 306.83744 & 384.52098 & 765.36535 & 34 \\ \hline 172.31680 & 215.71076 & 271.02437 & 341.58955 & 431.66350 & 881.17016 & 35 \\ \hline 187.10215 & 236.12472 & 299.12681 & 380.16441 & 484.46312 & 1014.34568 & 36 \\ \hline 203.07032 & 258.37595 & 330.03949 & 422.98249 & 543.59869 & 1167.49753 & 37 \\ \hline 220.31595 & 282.62978 & 364.04343 & 470.51056 & 609.83053 & 1343.62216 & 38 \\ \hline 238.94122 & 309.06646 & 401.44778 & 523.26673 & 684.01020 & 1546.16549 & 39 \\ \hline & 37.88245 & 4259256 & 581.82607 & 67.09142 & 9031 & \\ \hline \end{tabular} 4 \begin{tabular}{|c|c|c|c|c|c|c|} \hline 8% & 9% & 10% & 11% & 12% & 15% & Period \\ \hline .92593 & .91743 & .90909 & .90090 & .89286 & .86957 & 1 \\ \hline 1.78326 & 1.75911 & 1.73554 & 1.71252 & 1.69005 & 1.62571 & 2 \\ \hline 2.57710 & 2.53130 & 2.48685 & 2.44371 & 2.40183 & 2.28323 & 3 \\ \hline 3.31213 & 3.23972 & 3.16986 & 3.10245 & 3.03735 & 2.85498 & 4 \\ \hline 3.99271 & 3.88965 & 3.79079 & 3.69590 & 3.60478 & 3.35216 & 5 \\ \hline 4.62288 & 4.48592 & 4.35526 & 4.23054 & 4.11141 & 3.78448 & 6 \\ \hline 5.20637 & 5.03295 & 4.86842 & 4.71220 & 4.56376 & 4.16042 & 7 \\ \hline 5.74664 & 5.53482 & 5.33493 & 5.14612 & 4.96764 & 4.48732 & 8 \\ \hline 6.24689 & 5.99525 & 5.75902 & 5.53705 & 5.32825 & 4.77158 & 9 \\ \hline 6.71008 & 6.41766 & 6.14457 & 5.88923 & 5.65022 & 5.01877 & 10 \\ \hline 7.13896 & 6.80519 & 6.49506 & 6.20652 & 5.93770 & 5.23371 & 11 \\ \hline 7.53608 & 7.16073 & 6.81369 & 6.49236 & 6.19437 & 5.42062 & 12 \\ \hline 7.90378 & 7.48690 & 7.10336 & 6.74987 & 6.42355 & 5.58315 & 13 \\ \hline 8.24424 & 7.78615 & 7.36669 & 6.98187 & 6.62817 & 5.72448 & 14 \\ \hline 8.55948 & 8.06069 & 7.60608 & 7.19087 & 6.81086 & 5.84737 & 15 \\ \hline 8.85137 & 8.31256 & 7.82371 & 7.37916 & 6.97399 & 5.95424 & 16 \\ \hline 9.12164 & 8.54363 & 8.02155 & 7.54879 & 7.11963 & 6.04716 & 17 \\ \hline 9.37189 & 8.75563 & 8.20141 & 7.70162 & 7.24967 & 6.12797 & 18 \\ \hline 9.60360 & 8.95012 & 8.36492 & 7.83929 & 7.36578 & 6.19823 & 19 \\ \hline 9.81815 & 9.12855 & 8.51356 & 7.96333 & 7.46944 & 6.25933 & 20 \\ \hline 10.01680 & 9.29224 & 8.64869 & 8.07507 & 7.56200 & 6.31246 & 21 \\ \hline 10.20074 & 9.44243 & 8.77154 & 8.17574 & 7.64465 & 6.35866 & 22 \\ \hline 10.37106 & 9.58021 & 8.88322 & 8.26643 & 7.71843 & 6.39884 & 23 \\ \hline 10.52876 & 9.70661 & 8.98474 & 8.34814 & 7.78432 & 6.43377 & 24 \\ \hline 10.67478 & 9.82258 & 9.07704 & 8.42174 & 7.84314 & 6.46415 & 25 \\ \hline 10.80998 & 9.92897 & 9.16095 & 8.48806 & 7.89566 & 6.49056 & 26 \\ \hline 10.93516 & 10.02658 & 9.23722 & 8.54780 & 7.94255 & 6.51353 & 27 \\ \hline 11.05108 & 10.11613 & 9.30657 & 8.60162 & 7.98442 & 6.53351 & 28 \\ \hline 11.15841 & 10.19828 & 9.36961 & 8.65011 & 8.02181 & 6.55088 & 29 \\ \hline 11.25778 & 10.27365 & 9.42691 & 8.69379 & 8.05518 & 6.56598 & 30 \\ \hline 11.34980 & 10.34280 & 9.47901 & 8.73315 & 8.08499 & 6.57911 & 31 \\ \hline 11.43500 & 10.40624 & 9.52638 & 8.76860 & 8.11159 & 6.59053 & 32 \\ \hline 11.51389 & 10.46444 & 9.56943 & 8.80054 & 8.13535 & 6.60046 & 33 \\ \hline 11.58693 & 10.51784 & 9.60858 & 8.82932 & 8.15656 & 6.60910 & 34 \\ \hline 11.65457 & 10.56682 & 9.64416 & 8.85524 & 8.17550 & 6.61661 & 35 \\ \hline 11.71719 & 10.61176 & 9.67651 & 8.87859 & 8.19241 & 6.62314 & 36 \\ \hline 11.77518 & 10.65299 & 9.70592 & 8.89963 & 8.20751 & 6.62882 & 37 \\ \hline 11.82887 & 10.69082 & 9.73265 & 8.91859 & 8.22099 & 6.63375 & 38 \\ \hline 11.87858 & 10.72552 & 9.75697 & 8.93567 & 8.23303 & 6.63805 & 39 \\ \hline 11.92461 & 10.75736 & 9.77905 & 8.95105 & 8.24378 & 6.64178 & 40 \\ \hline \end{tabular} TABLE 6.5 Present Value of an Annuity Due of 1