Future Value of S1 periods 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 1.12360 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 4 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882 1.26248 S 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696 1.33823 6 1.06152 1.09344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 1.41852 7 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 1.36086 1.40710 1.45468 1.50363 8 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 1.36857 1.42210 1.47746 1.53469 1.59385 9 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 1.61909 1.68948 10 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 1.62889 1.70814 1.79085 11 1.11567 1.17795 1.24337 1.31209 1.38423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 12 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 2.01220 13 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 2.13293 14 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 2.26090 15 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 16 1.17258 1.26899 1.37279 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 2.35526 2.54035 17 1.18430 1.28802 1.40024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 2.69277 18 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 2.85434 19 1.20811 1.32695 1.45681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 3.02560 20 1.22019 1.34686 1.48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 3.20714 21 1.23239 1.36706 1.51567 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 3.39956 25 1.28243 1.45095 1.64061 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.81339 4.29187 30 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 5.74349 40 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 10.28572 7.00% 1.07000 1.14490 1.22504 1.31080 1.40255 1.50073 1.60578 1.71819 1.83846 1.96715 2.10485 2.25219 2.40985 2.57853 2.75903 2.95216 3.15882 3.37993 3.61653 3.86968 4.14056 5.42743 7.61226 14.97446 8.00% 1.08000 1.16640 1.25971 1.36049 1.46933 1.58687 1.71382 1.85093 1.99900 2.15892 2.33164 2.51817 2.71962 2.93719 3.17217 3.42594 3.70002 3.99602 4.31570 4.66096 5.03383 6.84848 10.06266 21.72452 9.00% 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 1.82804 1.99256 2.17189 2.36736 2.58043 2.81266 3.06580 3.34173 3.64248 3.97031 4.32763 4.71712 5.14166 5.60441 6.10881 8.62308 13.26768 31.40942 10.0 1.100 1.2101 1.331 1.464 1.610 1.771 1.948 2.143 2.357 2.593 2.853 3.138 3.452 3.797) 4.1771 4.594 5.054 5.559 6.115 6.727 7.400 10.83 17.441 45.25 Present Value of $1 periods 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 7.00% 8.00% 9.00% 10.00% 11.06 1 0.99010 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.900 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 0.89845 0.89000 0.87344 0.85734 0.84168 0.82645 0.811 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 0.85161 0.83962 0.81630 0.79383 0.77218 0.75131 0.731 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 0.80722 0.79209 0.76290 0.73503 0.70843 0.68301 0.658 5 0.95147 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59 6 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.534 7 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 0.481 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 0.43 9 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 0.59190 0.54393 0.50025 0.46043 0.42410 0.390 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.55839 0.50835 0.46319 0.42241 0.38554 0.351 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.311 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.251 14 0.86996 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.34046 0.29925 0.26333 0.231 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.209 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.188 17 0.84438 0.77639 0.71416 0.65720 0.60502 0.55720 0.51337 0.47318 0.43630 0.40245 0.37136 0.31657 0.27027 0.23107 0.19784 0.169 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.25025 0.21199 0.17986 0.151 19 0.82774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.23171 0.19449 0.16351 0.131 20 0.81954 0.74247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 0.124 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.111 24 0.78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 0.34770 0.31007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.081 25 0.77977 0.68921 0.60953 0.53939 0.47761 0.42315 0.37512 0.33273 0.29530 0.26223 0.23300 0.18425 0.14602 0.11597 0.09230 0.07 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 0.33348 0.29157 0.25509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05. 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 0.10733 0.08215 0.06304 0.048 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0.23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 0.043 31 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 0.039 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01. Future Value of an Ordinary Annuity of $1 Periods 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0100 2.0150 2.0200 2.0250 2.0300 2.0350 2.0400 2.0450 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 3.1370 4 4.0604 4.0909 4.1216 4.1525 4.1836 4.2149 4.2465 4.2782 5 5.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 5.4707 6 6.1520 6.2296 6.3081 6.3877 6.4684 6.5502 6.6330 6.7169 7 7.2135 7.3230 7.4343 7.5474 7.6625 7.7794 7.8983 8.0192 8 8.2857 8.4328 8.5830 8.7361 8.8923 9.0517 9.2142 9.3800 9 9.3685 9.5593 9.7546 9.9545 10.1591 10.3685 10.5828 10.8021 10 10.4622 10.7027 10.9497 11.2034 11.4639 11.7314 12.0061 12.2882 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 12 12.6825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 13 13.8093 14.2368 14.6803 15.1404 15.6178 16.1130 16.6268 17.1599 14 14.9474 15.4504 15.9739 16.5190 17.0863 17.6770 18.2919 18.9321 15 16.0969 16.6821 17.2934 17.9319 18.5989 19.2957 20.0236 20.7841 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.8245 22.7193 17 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 24.7417 18 19.6147 20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 26.8551 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 29.0636 20 22.0190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 31.3714 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.2695 31.9692 33.7831 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.0849 61.0071 40 48.8864 54.2679 60.4020 67.4026 75.4013 84.5503 95.0255 107.0303 5.00% 1.0000 2.0500 3.1525 4.3101 5.5256 6.8019 8.1420 9.5491 11.0266 12.5779 14.2068 15.9171 17.7130 19.5986 21.5786 23.6575 25.8404 28.1324 30.5390 33.0660 35.7193 66.4388 120.7998 5.50% 1.0000 2.0550 3.1680 4.3423 5.5811 6.8881 8.2669 9.7216 11.2563 12.8754 14.5835 16.3856 18.2868 20.2926 22.4087 24.6411 26.9964 29.4812 32.1027 34.8683 37.7861 72.4355 136.6056 6.00% 1.0000 2.0600 3.1836 4.3746 5.6371 6.9753 8.3938 9.8975 11.4913 13.1808 14.9716 16.8699 18.8821 21.0151 23.2760 25.6725 28.2129 30.9057 33.7600 36.7856 39.9927 79.0582 154.7620 7.00% 1.0000 2.0700 3.2149 4.4399 5.7507 7.1533 8.6540 10.2598 11.9780 13.8164 15.7836 17.8885 20.1406 22.5505 25.1290 27.8881 30.8402 33.9990 37.3790 40.9955 44.8652 94.4608 199.6351 8.00% 1.0000 2.0800 3.2464 4.5061 5.8666 7.3359 8.9228 10.6366 12.4876 14.4866 16.6455 18.9771 21.4953 24.2149 27.1521 30.3243 33.7502 37.4502 41.4463 45.7620 50.4229 113.2832 259.0565 9.00% 1.0000 2.0900 3.2781 4.5731 5.9847 7.5233 9.2004 11.0285 13.0210 15.1929 17.5603 20.1407 22.9534 26.0192 29.3609 33.0034 36.9737 41.3013 46.0185 51.1601 56.7645 136.3075 337.8824 Future Value of an Ordinary Annuity of $1 +V00 Periods 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0100 2.0150 2.0200 2.0250 2.0300 2.0350 2.0400 2.0450 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 3.1370 4 4.0604 4.0909 4.1216 4.1525 4.1836 4.2149 4.2465 4.2782 5 5.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 5.4707 6 6.1520 6.2296 6.3081 6.3877 6.4684 6.5502 6.6330 6.7169 7 7.2135 7.3230 7.4343 7.5474 7.6625 7.7794 7.8983 8.0192 8 8.2857 8.4328 8.5830 8.7361 8.8923 9.0517 9.2142 9.3800 9 9.3685 9.5593 9.7546 9.9545 10.1591 10.3685 10.5828 10.8021 10 10.4622 10.7027 10.9497 11.2034 11.4639 11.7314 12.0061 12.2882 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 12 12.6825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 13 13.8093 14.2368 14.6803 15.1404 15.6178 16.1130 16.6268 17.1599 14 14.9474 15.4504 15.9739 16.5190 17.0863 17.6770 18.2919 18.9321 15 16.0969 16.6821 17.2934 17.9319 18.5989 19.2957 20.0236 20.7841 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.8245 22.7193 17 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 24.7417 18 19.6147 20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 26.8551 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 29.0636 20 22.0190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 31.3714 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.2695 31.9692 33.7831 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.0849 61.0071 40 48.8864 54.2679 60.4020 67.4026 75.4013 84.5503 95.0255 107.0303 5.00% 1.0000 2.0500 3.1525 4.3101 5.5256 6.8019 8.1420 9.5491 11.0266 12.5779 14.2068 15.9171 17.7130 19.5986 21.5786 23.6575 25.8404 28.1324 30.5390 33.0660 35.7193 66.4388 120.7998 5.50% 1.0000 2.0550 3.1680 4.3423 5.5811 6.8881 8.2669 9.7216 11.2563 12.8754 14.5835 16.3856 18.2868 20.2926 22.4087 24.6411 26.9964 29.4812 32.1027 34.8683 37.7861 72.4355 136.6056 6.00% 1.0000 2.0600 3.1836 4.3746 5.6371 6.9753 8.3938 9.8975 11.4913 13.1808 14.9716 16.8699 18.8821 21.0151 23.2760 25.6725 28.2129 30.9057 33.7600 36.7856 39.9927 79.0582 154.7620 7.00% 1.0000 2.0700 3.2149 4.4399 5.7507 7.1533 8.6540 10.2598 11.9780 13.8164 15.7836 17.8885 20.1406 22.5505 25.1290 27.8881 30.8402 33.9990 37.3790 40.9955 44.8652 94.4608 199.6351 8.00% 1.0000 2.0800 3.2464 4.5061 5.8666 7.3359 8.9228 10.6366 12.4876 14.4866 16.6455 18.9771 21.4953 24.2149 27.1521 30.3243 33.7502 37.4502 41.4463 45.7620 50.4229 113.2832 259.0565 9.00% 1.0000 2.0900 3.2781 4.5731 5.9847 7.5233 9.2004 11.0285 13.0210 15.1929 17.5603 20.1407 22.9534 26.0192 29.3609 33.0034 36.9737 41.3013 46.0185 51.1601 56.7645 136.3075 337.8824 Present Value of an Ordinary Annuity of $1 periods 1.00% 1 0.99010 2 1.97040 3 2.94099 4 3.90197 5 4.85343 6 5.79548 7 6.72819 8 7.65168 9 8.56602 10 9.47130 11 10.36763 12 11.25508 13 12.13374 14 13.00370 15 13.86505 16 14.71787 17 15.56225 18 16.39827 19 17.22601 20 18.04555 21 18.85698 25 22.02316 30 25.80771 40 32.83469 1.50% 0.98522 1.95588 2.91220 3.85438 4.78264 5.69719 6.59821 7.48593 8.36052 9.22218 10.07112 10.90751 11.73153 12.54338 13.34323 14.13126 14.90765 15.67256 16.42617 17.16864 17.90014 20.71961 24.01584 29.91585 2.00% 0.98039 1.94156 2.88388 3.80773 4.71346 5.60143 6.47199 7.32548 8.16224 8.98259 9.78685 10.57534 11.34837 12.10625 12.84926 13.57771 14.29187 14.99203 15.67846 16.35143 17.01121 19.52346 22.39646 27.35548 2.50% 0.97561 1.92742 2.85602 3.76197 4.64583 5.50813 6.34939 7.17014 7.97087 8.75206 9.51421 10.25776 10.98319 11.69091 12.38138 13.05500 13.71220 14.35336 14.97889 15.58916 16.18455 18.42438 20.93029 25.10278 3.00% 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 13.16612 13.75351 14.32380 14.87747 15.41502 17.41315 19.60044 23.11477 3.50% 0.96618 1.89969 2.80164 3.67308 4.51505 5.32855 6.11454 6.87396 7.60769 8.31661 9.00155 9.66333 10.30274 10.92052 11.51741 12.09412 12.65132 13.18968 13.70984 14.21240 14.69797 16.48151 18.39205 21.35507 4.00% 0.96154 1.88609 2.77509 3.62990 4.45182 5.24214 6.00205 6.73274 7.43533 8.11090 8.76048 9.38507 9.98565 10.56312 11.11839 11.65230 12.16567 12.65930 13.13394 13.59033 14.02916 15.62208 17.29203 19.79277 4.50% 0.95694 1.87267 2.74896 3.58753 4.38998 5.15787 5.89270 6.59589 7.26879 7.91272 8.52892 9.11858 9.68285 10.22283 10.73955 11.23402 11.70719 12.15999 12.59329 13.00794 13.40472 14.82821 16.28889 18.40158 5.00% 0.95238 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 7.72173 8.30641 8.86325 9.39357 9.89864 10.37966 10.83777 11.27407 11.68959 12.08532 12.46221 12.82115 14.09394 15.37245 17.15909 5.50% 0.94787 1.84632 2.69793 3.50515 4.27028 4.99553 5.68297 6.33457 6.95220 7.53763 8.09254 8.61852 9.11708 9.58965 10.03758 10.46216 10.86461 11.24607 11.60765 11.95038 12.27524 13.41393 14.53375 16.04612 6.00% 0.94340 1.83339 2.67301 3.46511 4.21236 4.91732 5.58238 6.20979 6.80169 7.36009 7.88687 8.38384 8.85268 9.29498 9.71225 10.10590 10.47726 10.82760 11.15812 11.46992 11.76408 12.78336 13.76483 15.04630 The Chesthut Street Company plans to issue $825,000, 10-year bonds that pay 7 percent semiannually on March 31st and September 30th. Information relating to this bond is found below: Face Value: $ 825,000 Number of Years: 10 Stated Interest Rate: 7% Number of Payments per Year: Required: Calculate or provide the information requested using a formula or cell reference unless you are instructed to use a specific function: 1) Assume the Market Interest Rate is: 8% a. How many total payments or periods will this bond pay interest? 20 b. When calculating the bond selling price, show the factor from the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the bond interest payments. c. Repeat question b. but now use the VLOOKUP function. For the Lookup_Value argument, your function should reference the result you calculated in question a. Your function should look for an exact match to the value used in the Lookup_Value argument. d. Calculate the amount of interest that will be paid on March 31st. e. Calculate the value of the interest payments that would be used when determining the bond selling price. III TO f. Calculate the selling price of this bond: Using the IF function, show the word "Premium" or "Discount" based on the selling price you calculated in letter f. 2) Assume the Market Interest Rate is: 6% When calculating the bond selling price, show the factor from the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the bond interest payments. 2) Assume the Market Interest Rate is: 6% a. When calculating the bond selling price, show the factor from the appropriate future or present value table (found in worksheets included in this workbook) that would be used to calculate the bond interest payments. b. Repeat question a. but now use the VLOOKUP function. Your function should reference the result you calculated in question Number 1 letter a.) Your function should look for an exact match to the value used in the Lookup_Value argument. c. Calculate the amount of interest that will be paid on March 31st. d. Calculate the value of the interest payments that would be used when determining the bond selling price. LITT Calculate the selling price of this bond: f. Using the IF function, show the word "Premium" or "Discount" based on the selling price you calculated in letter e