Future Value of 1 Table. Contains the amounts to which 1 will accumulate if deposited now at a specified rate and left for a specified number of periods (Table 6.1). 1. TABLE 6.1 Future Value of 1 (Future Value of a Single Sum) FVFn,i-(1+i)n (n) Periods 2% 22% 3% 4% 5% 6% 1.06000 1 1.02000 1.02500 1.03000 1.04000 1.05000 1.05063 1.06090 1.08160 1.12360 1.04040 1.10250 1.06121 1.07689 1.12486 1.15763 2 1.09273 1.19102 1.08243 1.10381 1.16986 1.26248 4 1.12551 1.21551 1.10408 1.21665 1.27628 1.33823 1.13141 1.15927 5 6 1.12616 1.15969 1.26532 1.41852 1.19405 1.34010 1.14869 1.50363 .18869 1.22987 1.31593 1.40710 1.17166 1.21840 1.26677 1.36857 1.47746 1.59385 1.24886 1.68948 C 1.19509 1.30477 1.42331 1.55133 1.21899 1.28008 1.48024 1.62889 1.79085 10 1.34392 1.53945 1.31209 1.34489 1.38423 1.89830 11 1.24337 1.71034 1.26824 1.60103 1.79586 1.42576 2.01220 12 1.29361 1.37851 1.46853 1.66507 1.88565 13 2.13293 1.73168 1.31948 2.26090 14 1.41297 1.51259 1.97993 1.44830 2.07893 2.39656 1.34587 1.80094 15 1.55797 1.48451 1.87298 16 1.60471 2.18287 2.54035 1.37279 1.65285 1.52162 2.69277 1.40024 1.94790 17 2.29202 8% 9% 10% 11% 12% Periods 15% 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 1 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 2 1.36763 1.52088 1.25971 1.29503 1.33100 1.40493 3 1.36049 1.41158 1.46410 1.51807 1.57352 1.74901 4 1.76234 1.46933 1.53862 1.61051 1.68506 2.01136 5 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 6 1.71382 1.82804 1.94872 2.07616 2.21068 2.66002 1.85093 1.99256 2.47596 3.05902 2.14359 2.30454 2.17189 2.55803 2.77308 3.51788 1.99900 2.35795 2.15892 2.36736 2.83942 3.10585 4.04556 10 2.59374 3-47855 2.33164 2.58043 2.85312 3.15176 4.65239 11 2.51817 2.81267 3.13843 3.49845 3.89598 5-35025 12 2.71962 3.06581 3.88328 4.36349 6.15279 3.45227 13 4.88711 2.93719 3.34173 3.79750 4.31044 7.07571 14 3.64248 4.78459 8.13706 3.17217 4.17725 5.47357 15 5.31089 6.13039 9.35762 16 3.42594 3.97031 4.59497 4.32763 5.89509 6.86604 10.76126 3.70002 5.05447 17 3.99602 6.54355 7.68997 18 4.71712 5.55992 12.37545 5.14166 6.11591 7.26334 8.61276 4.31570 14.23177 19 6.72750 8.06231 9.64629 16.36654 66096 5.60441 20 VFn,i-1(1+i)n-(1+i)-n (n) Periods 2% 22% 3% 4% 5% 6% 96154 .98039 97561 97087 95238 94340 96117 95181 .94260 92456 .89000 2 90703 .92860 .88900 .86384 .83962 2 .94232 .91514 .92385 88849 .85480 .82270 4 .90595 79209 .88385 86261 .82193 .78353 .74726 5 .90573 88797 86230 .83748 6 .74622 70496 79031 87056 .66506 84127 .81309 .71068 75992 .85349 .82075 .78941 73069 .67684 .62741 .83676 .80073 -76642 .64461 70259 -59190 78120 67556 .82035 .61391 55839 10 74409 .80426 76214 .64958 58468 52679 11 .72242 .70138 .78849 .74356 .62460 55684 49697 12 .68095 .60057 46884 13 77303 .72542 53032 .75788 .66112 57748 14 70773 .50507 .44230 .69047 64186 .55526 .48102 15 .74301 .41727 16 72845 .67362 .62317 .45811 39365 53391 .71416 .65720 60502 43630 .37136 17 51337 18 .70016 .64117 .58739 49363 41552 35034 .68643 .62553 47464 19 57029 39573 33051 (n) Periods 8% 9% 10% 11% 12% 15% 666 82645 .89286 86957 92593 91743 .90090 1 .75614 .85734 .84168 .81162 79719 2 .79383 77218 71178 .65752 .75132 73119 3 .70843 .68301 .65873 .63552 73503 57175 4 .68058 49718 64993 .62092 .56743 59345 5 .63017 59627 -56447 53464 50663 43233 -58349 48166 51316 7 54703 45235 37594 50187 46651 40388 32690 54027 43393 3661 46043 28426 50025 .42410 39092 46319 .38554 35218 42241 .24719 32197 10 .28748 42888 .38753 .31728 .35049 .21494 11 .18691 .31863 .28584 25668 39711 35554 12 36770 .32618 28966 16253 .25751 13 22917 34046 26333 .20462 .23199 .14133 14 29925 18270 12289 .23939 31524 27454 20900 15 10687 29189 21763 25187 16 18829 16312 19785 .16963 14564 .27027 .23107 .09293 17 17986 .15282 .08081 18 .25025 .21199 13004 .16351 .13768 .11611 19449 .07027 .23171 19 14864 17843 0367 06110 .21455 20 12403 On December 31, 2020, Crane Company borrowed $68,301 from Paris Bank, signing a 5-year, $110,000 zero-interest-rate note. The note was issued to yield 10% interest. Unfortunately, during 2022, Crane began to experience financial difficulty. As a result, at December 31, 2022, Paris Bank determined that it was probable that it would collect only $82,500 at maturity. The market rate of interest on loans of this nature is now 11% Click here to view factor tables Your answer is partially correct Prepare the entry (if any) to record the impairment of the loan on December 31, 2022, by Paris Bank. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to O decimal places e.g. 58,971. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debt Expense 30490 Allowance for Doubtful Accounts 30490 Prepare the entry on March 31, 2023, if Paris learns that Crane will be able to repay the loan under the original terms. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Mar. 31 Notes Payable 110000 Cash 110000 eTextbook and Media