f=[(1 + i)" - Ivi TABLE B.4 Future Value of an Annuity of 1 Rate Periods 1% 2% 3% 4% 5% von WN -~************* 1.0000 10000 10000 1.0000 1.0000 2.0100 2.0200 2.0300 2.0400 2.0500 3.0301 3.0604 3.0909 3.1216 3.1525 4.0604 4.1216 4.1836 4.2465 4.3101 5.1010 5.2040 5.3091 5.4163 5.5256 6.1520 6.3081 6.4684 6.6330 6.8019 7.2135 7.4343 7.6625 7.8983 8.1420 8.2857 8.5830 8.8923 9.2142 9.5491 9.3685 9.7546 10.1591 10.5828 11.0266 10.4622 10.9497 11.4639 12.0061 12.5779 11.5668 12.1687 12.8078 13.4864 14.2068 12.6825 13.4121 14.1920 15.0258 15.9171 13.8093 14.6803 15.6178 16.6268 17.7130 14.9474 15.9739 17.0863 18.2919 19.5986 16.0969 17.2934 18.5989 20.0236 21.5786 17.2579 18.6393 20.1569 21.8245 23.6575 18.4304 20.0121 21.7616 23.6975 -25.8404 19.6147 21.4123 23.4144 25.6454 28.1324 20.8109 22.8406 25.1169 27.6712 30.5390 22.0190 24.2974 26.8704 29.7781 33.0660 28.243232.0303 36.4593 41.6459 47.7271 34.7849 40.5681 47.5754 56.084966.4388 41.6603 49.994560.462173.6522 90.3203 48.8864 60.4020 75.401395.0255 120.7998 6% 7% 8% 9% 10% 12% 15% 1.0000 1.0000 1.0000 1.0000 1.0000 1,0000 1.0000 2.0600 2.0700 2.0800 2.0900 2.1000 21200 2.1500 3.1836 3.2149 3.2464 3.2781 3.3100 3.3744 3.4725 4.3746 4.4399 4.5061 4.5731 4.6410 4.7793 4.9934 5.6371 5.7507 5.8666 5.9847 6.1051 6.3528 6.7424 6 .9753 7.1533 7.3359 7.5233 7.7156 8.1152 8.7537 8.3938 8.6540 8.9228 9.2004 9.4872 10.0890 11.0668 9.8975 10.2598 10.6366 11.0285 11.4359 12.2997 13.7268 11.4913 11.9780 12.4876 13.0210 13.5795 14.7757 16.7858 13.1808 13.8164 14.4866 15.1929 15.9374 17.5487 20.3037 14.9716 15.7836 15.7836 16.6455 17.5603 18.5312 20.6546 24.3493 16.869917.8885 18.9771 20.1407 21.3843 24.1331 29.0017 18.8821 20.1406 21.4953 22.9534 24.5227 28.0291 34.3519 21.0151 22.5505 24.2149 26.0192 27.9750 32.3926 40.5047 23.2760 25.1290 27.1521 29.3609 31.7725 37.2797 47.5804 25.6725 27.8881 30.3243 33.0034 35.9497 42.7533 55.7175 28.2129 30.84023 3.7502 36.9737 40.5447 48.8837 65.0751 30.9057 33.9990 37.4502 41.3013 45.5992 55.7497 75.8364 33.7600 37.3790 41.4463 46.0185 51.1591 63.4397 88.2118 36.7856 40.9955 45.7620 51.1601 57.2750 72.0524 102.4436 54.8645 63.249073.105984.700998.3471 133.3339212.7930 79.0582 94.4608 113.2832136.3075 164.4940 241.3327 434.7451 111.4348 138.2369172.3168215.7108 271.0244 431.6635 881,1702 154.7620 199.6351 259.0565337.8824 442.5926 767.0914 1,779.0903 17 40 Used to calculate the future value of a series of equal payments made at the end of each period. For example: What is the future value of $4.000 per year for 6 years assuming an annual interest rate of 8%. For (n=6,i = 8%), the FV factor is 7.3359. $4,000 per year for 6 years accumulates to $29.343.60 (54,00 x 7.3359) TABLE B.3: Present Value of an Annuity of 1 Rate Perlods 1% 2% 3% 4% 5% 6% 7% 0.9901 1.9704 2.9410 3.9020 4.8534 5.7955 6.7282 7,6517 8.5660 9.4713 10.3676 11.2551 12.1337 13.0037 13.8651 14.7179 15.5623 0.9804 0.9709 1.9416 1.9135 2.8839 2.8286 3.8077 3.7171 4.7135 4.5797 5.6014 5.4172 6.4720 6.2303: 7.3255 7.0197 8.1622 7.7861 8.9826 8.5302 9.7868 9.2526 10.5753 9.9540 11.3484 10.6350 12.1062 11.2961 12.8493 '11.9379 13.5777 12.5611 14.291913.1661 14.9920 13.7535 15.6785 14.3238 16.3514 14.8775 19.5235 17.4131 22.3965 19.6004 24.9986 21.4872 27.3555 23.1148 0.9615 1.8861 2.7751 3.6299 4.4518 5.2421 6.0021 6.7327 7.4353 8.1109 8.7605 9.3851 9.9856 10.5631 11.1184 11.6523 12.1657 12.6593 13.1339 13.5903 15.6221 17.2920 18.6646 19.7928 0.9524 1.8594 2.7232 3.5460 4.3295 5.0757 5.7864 6.4632 7.1078 7.7217 8.3064 8.8633 9.3936 9.8986 10.3797 10.8378 11.2741 11.6896 12.0853 12.4622 14.0939 15.3725 16.3742 17.1591 0.9434 1.8334 2.6730 3.4651 4.2124 4.9173 5.5824 6.2098 6.8017 7.3601 7.8869 8.3838 8.8527 9.2950 9.7122 10.1059 10.4773 10.8276 11.1581 11.4699 12.7834 13.7648 14.4982 15.0463 0.9346 1.8080 2.6243 3 .3872 4.1002 4.7665 5.3893 5.9713 6.5152 7.0236 7.4987 7.9427 8.3577 8.7455 9.1079 9.4466 9.7632 10.0591 10.3356 10.5940 11.6536 12.4090 12.9477 13.3317 8% 9% 10% 12% 15% 0.92590 174 0.9091 0.8929 0.8696 1.7833 1.7591 1.7355 1.6901 1.6257 2.5771 2.5313 2.4869 2.4018 2.2832 3.3121 3.2397 3.1699 3.0373 3.9927 3.8897 3.7908 3.6048 3.3522 4.6229 4.48594.3553 4.1114 3.7845 5.2064 5.0330 4.8684 4.5638 4.1604 5.7466 5.5348 5.3349 4.9676 6.2469 5.9952 5.7590 5.3282 4.7716 6.7101 6.4177 6.1446 5.6502 5.0188 7.1390 6.8052 6.4951 5.9377 5.2337 7.5361 7.1607 6.8137 6.1944 5.4206 7.9038 7.48697.1034 6.4235 5.5831 8.2442 7.7862 7.3667 6.6282 5.7245 8.0607 7.6061 6.8109 5.8474 8.8514 8.3126 7.8237 6.9740 5.9542 9.1216 8.5436 8.0216 7.1196 6.0472 9.3719 8.7556 8.2014 7.2497 6.1280 9.6036 8.9501 8.36497.3658 6.1982 9.8181 9.1285 8.5136 7.4694 6.2593 10.6748 9.8226 9.0770 7.8431 6.4641 11.2578 10.27379.4269 8.0552 6.5660 11.6546 10.5668 9.6442 8.1755 6.6166 11.9246 10.7574 9.77918.2438 6.6418 17.2260 18.0456 22.0232 25.8077 29.4086 32.8347 30 35 40 * Used to calculate the present value of a series of equal payments made at the end of each period. For example: What is the present value of $2,000 per year for 10 years assuming an annual interest rate of 9%. For n = 10,1 9 %), the PV factor is 6,4177. $2,000 per year for 10 years is the equivalent of $12.835 Boday (2.000 X WE Q TABLE B.2 Future Value of 1 f= (1 + i)" Rate 7% Perlods 1% 2% 3% 4% 5% 6% 8% % 10% 12% 15% 1.0000 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 1.0721 1.0829 1.0937 1.1046 1.1157 1.1268 1.1381 1.1495 1.16 TO 1.1726 1.1843 1.1961 1.2081 1.2202 1.2824 1.3478 1.4166 1.4889 1.0000 1.0000 1.0200 1.0300 1.0404 1.0609 1.0612 1.0927 1.0824 1.1255 1.1041 1.1593 1.1262 1.1941 1.1487 1.2299 1.1717 1.2668 1.1951 1.3048 1.21901.3439 1.2434 1.3842 1.2682 1.4258 1.2936 1.4685 1.3195 1.5126 1.3459 1.5580 1.3728 1.6047 1.4002 1.6528 1.4282 1.7024 1.4568 1.7535 1.4859 1.8061 1.6406 2.0938 1.8114 2.4273 1.99992.8139 2.2080 3.2620 1.0000 1.0000 1.0400 1.0500 1.0816 1.1025 1.1249 1.1576 1.1699 1.2155 1.2763 1.2653 1.3401 1.3159 1.4071 1.3686 1.4775 1.4233 1.5513 1.4802 1.6289 1.5395 1.7103 1.6010 1.7959 1.6651 1.8856 1.73171.9799 1.8009 2.0789 1.8730 2.1829 1.9479 2.2920 2.0258 2.1068 2.5270 2.1911 2.6533 2.6658 3.3864 3.2434 4.3219 3.9461 5.5160 4.8010 7.0400 1.0000 1.0600 1.1236 1.1910 1.2625 1.3382 1.4185 1.5036 1.5938 1.6895 1.7908 1.8983 2.0122 2.1329 2.2609 2.3966 2.5404 2.6928 2.8543 3.0256 3.2071 4.2919 5.7435 7.6861 10.2857 1.0000 1.0700 1.1449 1.2250 1.3108 1.4026 1.5007 1.6058 1.7182 1.8385 1.9672 2.1049 2.2522 2.4098 2.5785 2.7590 2.9522 3.1588 3.3799 3.6165 3.8697 5.4274 7.6123 10.6766 14.9745 1.0000 1.0000 1.0800 h 1.0900 1.1664 1.1881 1.2597 1.2950 1.3605 1.4116 1.4693 1.5386 1.5869 1.6771 1.7138 1.8280 1.8509 1.9926 1.9990 2.1719 2.1589 2.3674 2.3316 2.5804 2.5182 2.8127 2.7196 3.0658 2.9372 3.3417 3.1722 3.6425 3.4259 3.9703 3.7000 4.3276 3.9960 4.7171 4.3157 5.1417 4.6610 5.6044 6.8485 8.6231. 10.0627 13.2677 14.7853 20.4140 21.7245 31.4094 1.0000 1.0000 1.0000 1.1000 1.1200 1.1500 1.2100 1.2544 1.3225 1.3310 1.4049 1.5209 1.4641 1.5735 1.7490 1.6 105 1.7623 2.0114 1.7716 1.9738 2.3131 1.9487 2.2107 2.6600 2.1436 2.4760 3.0590 2.3579 2.7731 3.5179 2.5937 3.1058 4.0456 2.8531 3.4785 4.6524 3.1384 3.8960 5.3503 3.4523 4.3635 6.1528 3.7975 4.8871 7.0757 4.1772 5.4736 8.1371 4.5950 6.1304 9.3576 5.0545 6.8660 10.7613 5.5599 7.6900 12.3755 6.1159 8.6128 14.2318 6.7275 9.6463 16.3665 10.834717.0001 32.9190 17.4494 29.9599 66.2118 28.1024 52.7996 133.1755 45.2593 93.0510 267.8635 UWN 35 Used to compute the future value of a known present amount. For example: What is the accumulated value of $3,000 invested today at 8 compounded quarterly for 3 years? Using the factors of 20 and 1 = 2% (20 quarterly periods and a quarterly interest rate of 25).the factor is 14859. The accumulated value is $4,457.70 ($2.000 x 14839). TABLE B.1" Present Value of 1 p=1/(1 + i)" Rate Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 0 SUBWOOOWN 0.9901 0.9803 0.9706 0.96 10 0.9515 0.9420 0.9327 0.9235 0.9143 0.9053 0.8963 0.8874 0.9804 0.9612 0.9423 0.9238 0.9057 0.8880 0.8706 0.8535 0.8368 0.8203 0.8043 0.7885 0.7730 0.7579 0.7430 0.7284 0.7142 0.7002 0.6864 0.6730 0.6095 0.5521 0.5000 0.4529 0.9709 0.9426 0.9151 0.8885 0.8626 0.8375 0.8131 0.7894 0.7664 0.7441 -0.7224 0.7014 0.6810 0.6611 0.6419 0.6232 0.6050 0.5874 0.5703 0.5537 0.4776 0.4120 0.3554 0.3066 0.9615 0.9246 .8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.6246 0.6006 0.5775 0.5553 0.5339 0.5134 - 0.4936 0.4746 0.4564 0.3751 0.3083 0.2534 0.2083 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 0.2953 0.2314 0.1813 0.1420 0.9434 0.8900 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 0.5268 0.4970 0.4688 0.4423 0.4173 0.3936 0.3714 0.3503 0.3305 0.3118 0.2330 0.1741 0.1301 0.0972 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5439 0.5083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 0.2959 0.2765 0.2584 0.1842 0.1314 0.0937 0.0668 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 0.1460 0.0994 0.0676 0.0460 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 0.2519 0.2311 0.2120 0.1945 0.1784 0.1160 0.0754 0.0490 0.0318 0.8929 0.8696 0.8264 0.7972 0.7561 0.7513 0.7118 0.6575 0.6830 0.6355 0.5718 0.62090.5674 0.4972 0.5645 0.5066 0.4323 0.5132 0.4523 0.3759 0.4665 0.4039 0.3269 0.4241 0.3606 0.2843 0.3855 0.3220 0.2472 0.3505 0.2875 0.2149 0.3186 0.2567 0.1869 0.2897 0.2292 0.1625 0.2633 0.2046 0.1413 0.2394 0.1827 0.1229 0.2176 0.1631 0.1069 0.1978 0.1456 0.0929 0.1799 0.1300 0.0808 0.1635 0.1161 0.0703 0.1486 0.1037 0.0611 0.0923 0.0588 0.0304 0.0573 0.0334 0.0151 0.0356 0.0189 0.0075 0.0221 0.0107 0.0037 0.8787 0.8700 0.8613 0.8528 0.8444 0.8360 0.8277 0.8195 0.7798 0.7419 0.7059 0.6717 * Used to compute the present value of a known future amount. For example: How much would you need to invest today at 10% compounded semiannually to accumulate 55.000 in 6 years from today? Using the factors of n= 12 and i = 5% (12 semiannual periods and a semiannual rate of 5%), the factor is 0.5568. You would need to invest $2.784 today (55.000 x 0.3568 Chech Req 1 Req 2A and 2B Prepare the journal entries in which Norwood records for accrued interest as of December 31, 2017 (the end of its annual reporting period) and the first annual payment on the note. points View transaction list eBook Print Journal entry worksheet References Record the interest accrued on the note as of December 31, 2017 Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2017 e to search Check Problem 14-6A Installment notes LO C1 On November 1, 2017 Norwood borrows $550.000 cash from a bank by signing a five-year installment note bearing 8% interest. The nole requires equal payments of $137,751 each year on October 31. (lable B.1. Table B.2. Table B. 3, and Table B.4) (Use appropriate factor(s) from the tables provided.) points eBook Required: 1. Complete an amortization table for this installment note. 2. Prepare the journal entries in which Norwood records the following: (a) Accrued interest as of December 31, 2017 (the end of its annual reporting period). ib) The first annual payment on the note. Print References Complete this question by entering your answers in the tabs below. Req1 Req 2A and 28 Complete an amortization table for this installment note (Round your intermediate calculations to the nearest dollar amount.) Period Ending Date Beginning Balance Debit Interest Expense Debit Notes Payable - Credit Cash Ending Balance 10/31/2018 10/31/2019 10/31/2020 10/31/2021 10/31/2022 here to search