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i need the answer Soothing, Inc. is authorized to issue 9%, 10-year bonds payable. On January 1, 2024, when the market interest rate is 12%,
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Soothing, Inc. is authorized to issue 9%, 10-year bonds payable. On January 1, 2024, when the market interest rate is 12%, the company issues $400,000 of the bonds. The bonds pay interest semiannually (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 31 Upon issuance of the bonds payable, the company received Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 10.990 0.980 0.971 0.9620.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 20.980 0.98 10.9430.925 0.9070.890 0.873 0.857 0.8420.8200.797 0.769 0.750 0.743 0.7180.694 Period 30.971 0.942 0.915 0.8890.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.6580.641 0.6090.579 Period 40.961 0.9240.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516|0.482 Period 50.951 0.9060.8630.822 0.7840.747 0.713 0.681 0.650 0.621 0.587 0.5190.497 0.4760.437 0.402 Period 60.942 0.8880.837 0.790 0.746 0.705 0.686 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 70.933 0.8710.8130.760 0.7110.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.3140.279 Period 80.923 0.853 0.789 0.731 0.677 0.627 0.5820.540 0.502 0.487 0.4040.351 0.327 0.305 0.266 0.233 Period 90.914 0.8370.766 0.70310.6450.592 0.5440.500 0.460 0.424 0.3810.308 0.284 0.263 0.225 0.194 Period 10.905 0.820 0.7440.6760.614 0.558 0.508 0.463 0.4220.3860.322 0.270 0.247 0.227 0.191 0.162 10 Period 0.896 0.8040.7220.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.1950.162 0.135 (11 Period 0.887 0.788 0.701 0.625 0.557 0.4970.4440.397 0.356 0.319 0.257 0.208 0.187 0.168 0.1370.112 12 Period 10.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 10.290 0.229 0.182 0.163 0.145 0.116 0.093 13 Period 0.870 0.758 0.681 0.5770.505 0.442 0.388 0.340 0.299 0.263 0.205 0.1600.141 0.125 0.099 0.078 14 Period 0.8610.7430.642 0.555 0.481 0.417 0.362 0.315 0.275 0.2390.183 0.140 0.123 0.108 0.084 0.065 15 Period 0.8530.7280.6230.534 0.458 0.394 0.3390.292 0.252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 16 Period 10.844 0.714 0.6050.513 0.4360.371 0.3170.270 0.2310.1980.148 0.1080.003 0.0800.0600.045 Period 10.8530.7280.623 0.534 0.458 0.394 0.3390.292 0.252 0.218 0.163 0.123 0.1070.093 0.071 0.054 16 Period 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.2310.198 0.146 0.108 0.093 0.080 0.060 0.045 17 Period 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 18 Period 0.828 0.680 0.570 0.475 0.396 0.331 0.277 0.232 0.1940.164 0.116 0.083 0.070 0.060 0.043 0.031 19 Period 10.82010.6730.554 0.456 0.377/0.312 0.258 0.215 0.178 0.149 0.1040.073 0.061 0.051 0.037 0.026 20 - Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 10.990 0.980 0.971 0.962 0.952 0.943 0.935 0.928 0.917 0.909 0.893 0.877 0.870 0.862 0.8470.833 Period 2 1.9701.942 1.9131.886 1.859 1.8331.8081.7831.759 1.7361.8901.647 1.620 1.605 1.586 1.528 Period 3 2.9412.8842.8292.775 2.723 2.6732.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174/2.106 Period 43.902 3.808 3.717 3.630 3.546 3.485 3.387 3.312 3.240 3.170 3.037 2.9142.855 2.798 2.690 2.589 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.9933.890 3.791 3.605 3.4333.352 3.2743.127 2.991 Period 65.795 5.601 5.417 5.242 5.070 4.917 4.787 4.623 4.4864.355 4.111 3.8893.784 3.685 3.498 3.326 Period 76.728 6.4726.230 6.002 5.786 5.582 5.389 5.200 5.033 4.868 4.584 4.288 4.100 4.0393.812 3.605 Period 87.852 7.3257.020 0.733 6.463 6.210 5.971 5.747 5.535 5.335 4.9684.6394.487 4.344 4.0783.837 Period 98.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.9955.759 5.328 4.9484.7724.6074.3034.031 Period 9.471 8.983 8.530 8.111 7.7227-360 7.0246.710 6.418 0.145 5.650 5.216 5.019 4.833 4.494 4.192 10 10.368 9.7879.2538.760 8.306 7.8877.499 7.139 6.805 6.495 5.9385.453 5.234 5.0294.656 4.327 11.255 10.575 9.954 9.3858.8638.3847.9437.538 7.161 0.814 6.1945.660 5.421 5.1974.793 4.439 Period 11 Period 12 Period 13 Period 14 Period 15 12. 13411.348 10.635 9.986 9.3948.8538.358 7.9047.487 7.103 6.424 5.8425.583 5.342| 4.910 4.533 13.00412.106 11.29610.563 9.899 9.295 8.745 8.2447.786 7.3676.628 0.002 5.724 5.468 5.008 4.611 13.885 12.849 11.938 11.11810.380 9.712 9.108 8.559 8.0617.606 6.811 0.1425.847 5.575 5.092 4.675 Period 16 14.718 13.57812.561 11.852 10.838 10.106 9.447 8.851 8.313 7.8246.9746.265 5.954 5.669 5.162 4.730 25 .5/5 9.8548.385 8.803 8.3841.943 17.536.16116.814 10.1941.0601 5.4215.197 14.78314.439 12. 13411.348 10.635 9.988 9.3948.8538.3587.9047.487 7.1036.4245.8425.583 5.3424.910 4.533 Period 12 Period 13 Period 14 Period 15 13.00412.106 11.29610.563 9.899 9.295 8.745 8.2447.786 7.3676.628 0.0025.724 5.468 5.008 4.611 13.865|12.849 11.938 11.11810.380 9.712 9.108 8.5598.061 7.6066.811 0.142 5.8475.575 5.092 4.675 14.718 13.57812.561 11.652 10.838 10.106 9.447 8.851 8.313 7.8246.9746.265 5.9545.669 5.1624.730 15.562 14.292 13.16012.180 11.27410.4771 9.763 9.122 8.544 8.022 7.1206.373 6.047 5.749 5.222 4.775 16.398 14.992 13.75412.659 11.690 10.828 10.059 9.3728.7588.2017.250 6.4676.128 5.818 5.273 4.812 Period 16 Period 17 Period 18 Period 19 Period 20 17.226 15.678|14.32413.13412.08511.15810.336 9.6048.950 8.365 7.386 6.5506.198 5.8775.310 4.844 18.04616.35 14.877 13.590 12.462 11.470|10.594 0.818 9.129 8.5147.480 6.623 6.250 5.9295.353 4.870Step by Step Solution
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