Determine the combined present value as of December 31, 2018, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (EV of $1 , PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) Year Received 2019 2020 Payment $6,750 7,575 9,400 2022 10,925 2024 Year i Payment Present Value n Received 8% 2019 6,750 2020 8% 7,575 2022 8% 9,400 8 % 2024 10,925 Total On June 30, 2018, Singleton Computers issued 7 % stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 4 % ( 2.0 % semiannual rate). Interest is paid semiannually (3.5%) on June 30 and December 31, beginning on December 31, 2018. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2018. 2. Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2018. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Table values are based on: n Cash Flow Amount Present Value Interest Principal Price of bonds Required 1 Required 2 > On June 30, 2018, Singleton Computers issued 7% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 4% ( 2.0 % semiannual rate). Interest is paid semiannually (3.5%) on June 30 and December 31, beginning on December 31, 2018. (EV of $1, PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2018 2. Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Calculate the interest expense Singleton reports in 2018 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Cash Interest Paid Bond Interest Expense Premium Period-End Amortization Carrying Value 06/30/2018 12/31/2018
