Interest rates determine the present value of future amounts. (Round to the nearest dollar) (Click the icon to view Present Value of 51 table) (Click the icon to view Future Value of $1 table.) Read the requirements (Click the icon to view Present Value of Ordinary Annuity of 51 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirement 1. Determine the present value of five-year bonds payable with face value of $89.000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance calculations and final answer to the nearest whole dollar) Present Value When market rate of interest is 12% annually Present Value of $1 Periods 1% Period 1 2% 3% 0.990 0.980 0.971 0.962 0.952 4% 6% 5% 0.943 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 8% 9% 7% 10% 12% 18% 14% 20% 15% 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.718 0.694 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 16% Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.708 0.683 0.636 0.650 0.621 0.567 0.592 0.572 0.552 0.516 0.482 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 Period 7 0.933 0.871 0.813 0.760 0.746 0.705 0,666 0.711 0.665 0.623 0.583 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.460 0.424 0.361 0.422 0.386 0.322 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 0.351 0.327 0.305 0.266 0.233 0.308 0.284 0.263 0.225 0.194 0.270 0.247 0.227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 Period 12 0.887 0.788 0.701 Period 13 0.879 0.773 0.681 Period 14 0.870 0.758 0.661 Period 15 0.861 0.743 0.642 0.555 0.481 0.625 0.557 0.497 0.444 0.397 0.601 0.530 0.469 0.415 0.577 0.505 0.442 0.388 0.340 0.417 0.362 0.315 0.237 0.215 0.195 0.162 0.135 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0.623 0.534 0.458 Period 17 0.844 0.714 0.605 0.513 0.436 Period 18 0.836 0.700 0.587 0.494 0.416 0.394 0.339 0.292 0.252 0.218 0.163 0.371 0.317 0.350 0.296 0.250 Period 19 0.828 0.686 0.570 0.475 0.396 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.331 0.277 0.232 0.258 0.215 Period 21 0.811 0.660 0.538 0.439 0.359 0.294 Period 22 0.803 0.647 0.522 | 0.422 0.342 0.278 0.242 0.199 0.226 0.123 0.107 0.093 0.071 0.054 0.270 0.231 0.198 0.146 0.108 0.093 0.080 0.060 0.045 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 0.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 0.184 0.150 0.123 0.083 0.056 0.046 0.038 0.026 0.018 Present Value of Ordinary Annuity of $1 Periods Period 1 1% 2% 3% 0.990 0.980 0.971 Period 2 1.970 1.942 Period 3 2.941 2.884 1.913 2.829 Period 4 3.902 3.808 3.717 Period 5 4.853 4.713 4.580 Period 6 5.795 5.601 Period 7 6.728 6.472 Period 8 7.652 7.325 Period 9 8.566 8.162 5.417 6.230 7.020 7.786 Period 10 9.471 8.983 8.530 Period 14 Period 15 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 1.566 1.528 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2.589 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.498 3.326 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4.160 4.039 3.812 3.605 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4.344 4.078 3.837 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.772 4.607 4.303 4.031 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 4.656 4.327 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 5.092 4.675 Period 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 5.162 4.730 Period 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5.222 4.775 Period 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 6.128 5.818 Period 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 6.198 Period 20. 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 6.259 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 7.562 6.687 6.312 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 7.645 6.743 6.359 5.197 4.793 4.439 5.342 4.910 4.533 5.468 5.008 4.611 5.575 5.273 4.812 5.877 5.316 4.844 5.929 5.353 4.870 5.973 5.384 4.891 6.011 5.410 4.909 Future Value of $1 Periods 1% 2% Period 1 1.010 1.020 1.030 Period 2 1.020 1.040 1.061 Period 3 1.030 1.061 1.158 1.191 1.225 Period 4 1.041 Period 5 1.051 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.082 1.103 1.124 1.145 1.093 1.125 1.082 1.126 1.170 1.216 1.262 1.311 1.104 1.159 1.217 1.276 1.338 1.403 1.120 1.140 1.150 1.166 1.188 1.210 1.260 1.295 1.331 1.360 1.412 1.464 1.254 1.300 1.323 1.405 1.482 1.521 1.469 1.539 1.611 1.574 1.689 1.749 1.762 1.925 2.011 Period 6 Period 7 1.062 1.072 Period 8 1.083 1.172 Period 9 1.094 1.195 Period 10 1.126 1.194 1.265 1.149 1.230 1.316 1.267 1.369 1.305 1.423 1.105 1.219 1.344 1.480 1.340 1.419 1.501 1.587 1.677 1.772 1.407 1.504 1.606 1.714 1.828 1.949 1.477 1.594 1.718 1.851 1.993 2.144 1.551 1.689 1.838 1.999 2.172 2.358 1.629 1.791 1.967 2.159 2.367 2.594 1.974 2.195 2.313 2.211 2.502 2.660 2.476 2.853 3.059 2.773 3.252 3.518 3.106 3.707 4.046 Period 11 Period 12 Period 13 Period 20 Period 21 Period 22 1.116 1.243 1.384 1.539 1.127 1.268 1.426 1.601 1.138 1.294 1.469 1.665 1.886 2.133 2.410 Period 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 Period 15 1.161 1.346 1.558 1.801 2.079 2.397 2.759 Period 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 Period 17 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 Period 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 Period 19 1.208 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.727 1.232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 1.710 1.898 2.105 2.332 2.580 2.853 1.796 2.012 2.252 2.518 2.813 3.138 3.479 4.226 4.652 3.896 4.818 5.350 2.720 3.066 3.452 4.363 5.492 6.153 2.937 3.342 3.798 4.887 6.261 7.076 3.172 3.642 4.177 5.474 7.138 8.137 6.130 8.137 9.358 6.866 9.276 10.76 7.690 10.58 12.38 8.613 12.06 14.23 9.646 13.74 16.37 Future Value of Ordinary Annuity of $1 Periods 1% Period 1 4.310 4.375 5.526 5.637 6.802 6.975 8.142 9.549 9.897 9.369 9.755 10.16 10.58 11.03 11.49 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 3 3.030 3.060 3.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 Period 4 4.060 4.122 4.184 4.246 Period 5 5.101 5.204 5.309 5.416 Period 6 6.152 6.308 6.468 6.633 Period 7 7.214 7.434 7.662 7.898 Period 8 8.286 8.583 8.892 9.214 Period 9 4.440 4.506 4.573 4.641 5.751 5.867 5.985 6.105 4.779 4.921 4.993 6.353 6.610 6.742 7.153 7.336 7.523 7.716 8.115 8.536 8.754 8.394 8.654 8.923 9.200 9.487 10.09 10.73 11.07 Period 10 10.46 10.95 11.46 12.01 12.58 13.18 10.260 10.64 11.03 11.44 11.98 12.49 13.02 13.82 14.49 15.19 15.94 12.30 13.23 13.73 13.58 14.78 16.09 16.79 17.55 19.34 20.30 Period 11 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 Period 12 12.68 13.41 14.19 15.03 15.92 16.87 Period 13 13.81 14.68 15.62 16.63 17.71 18.88 Period 14 14.95 15.97 17.09 18.29 19.60 21.02 Period 15 16.10 17.29 18.60 20.02 21.58 23.28 17.89 18.98 20.14 21.38 20.14 21.50 22.95 24.52 28.03 32.09 34.35 22.55 24.21 26.02 27.98 32.39 37.58 40.50 25.13 27.15 29.36 31.77 37.28 43.84 47.58 24.13 27.27 29.00 Period 16 Period 18 Period 19 Period 20 17.26 18.64 20.16 21.82 23.66 Period 17 18.43 20.01 21.76 23.70 25.84 19.61 21.41 23.41 25.65 28.13 20.81 22.84 25.12 27.67 30.54 22.02 24.30 26.87 29.78 33.07 25.67 28.21 30.91 33.76 36.79 Period 21 23.24 25.78 28.68 31.97 35.72 39.99 Period 22 24.47 27.30 30.54 34.25 38.51 43.39 27.89 30.32 33.00 35.95 42.75 50.98 55.72 30.84 33.75 36.97 40.54 48.88 59.12 65.08 34.00 37.45 41.30 45.60 55.75 68.39 75.84 37.38 41.45 46.02 51.16 63.44 78.97 88.21 41.00 45.76 51.16 57.28 72.05 91.02 102.4 44.87 50.42 56.76 64.00 81.70 104.8 118.8 49.01 55.46 62.87 71.40 92.50 120.4 137.6