Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (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. Determine the present value of seven-year bonds payable with face value of $83,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 12% annually Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 16%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 16% annually Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 3%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 8% annually i Requirements 1. Determine the present value of seven-year bonds payable with face value of $83.000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance. 2. Same bonds payable as in Requirement 1, but the market interest rate is 16% 3. Same bonds payable as in Requirement 1, but the market interest rate is 8%. Enter any number in the edit fields and then continue to the next question. Print Done 3/22020 Reference 0.463 0.270 0.162 0.625 0.208 0,415 0.275 Present Value of $1 [Periods] 1% 1_2%7_3%74% 5%76% 7% __8% 9%| 10' 112% 14% 115% 116% 118% 20% 10.990 10.980 10.97110.96210.95210.943 10.935 10.926 10.91710.909] 0.89370.87770.870 10.862 10.84770.833 _0.980 10.96110.943 10.925 10.907 10.890 10.87370.8570.84210.826 10.79710.769 10.75610.143 10.718 10.694 [0:97110.942 10.91510,88910.86470.840 10.816 10.79410.172 10.751|0.112 10.675 1 0.658 10.64110.609 10.579 10.96110.924 1 0,88810.85510.82310,792 10.763 10.73510.10810.683 10.636 10.59210.572 10.552 10.516 10.482 0.9511 0.90610.863 10.822 0.784 10.747 0.713 0.681 0.650 0.62110.567 0.519 _0.497 10.476 10.437 0.402 0.942 10.888 10.83710.-90 0.74670.705 _0.666 0.630 0.596 _0.56410.507 _0.456 _0.432 ]0.410 10.3701 0.335 0.933 10.87110.81310.760 _0.71110.665 _0.623 0.583 0.547 _0.513 10.452 _0.400 _0.376 10.354 10.314 10.279 0:923 10.853 0.789 10.731 0.677 10.627 10.582 0.540 _0.502 _0.46710.404 0:351 | 0.327 |_0.305 10.266 0.233 0.914 10.837 10.76610.703 0.64510.592 1 0.544 0.500 0.460 _0.4241 0.361 0.308 0.28410.263 10.225 0.194 0:905 10.820 10.744 1 0.676 0.6141 0.558 _0.508 0.422 0.386 10.322 0.24770.227 |0.191 0.896 0.804 0.722 0.650 0.585 10.527 0.475 0.429 0.388 _0.350 10.287 0:237 0.215 10.195 10.162 0.135 0.887 0.188 _0.701 0.557 0.497 0.444 0.397 0.356 0.319 0.257 10.187 _0.168 0.13710.112 _0.879 0.773 10.681 10.601 _0.530 0.469 _0.368 0.326 0.290 0.229 0.182 0.163 10.145 10.11610.093 0.870 _0.758 0.66110.577 0.505 _0.44210.388 0.340 0.299 0.263 1 0.205 0.160 10.141 10.125 0.078 0.861 0:743 10.642 1 0.555 0.481 10.4171 _0.362 0.315 0.239 _0.183 0.140 0.123 10.108 10.084 1 0.065 0.853 0.728 1 0.623 10.534 _0.458 10.394 10.339 | 0.292 _0.252 0.218 10.163 0.123 _0.107 10.09310.071 10.054 0.844 0.71410.605 10.513 0.436 _0.371 _0.317 0.270 0.231 0.198 0.146 0.108 0.093 1 0.080 10.060 10.045 0.836 0.700 1 0.587 10.494 0.416 10.350 0.296 0.250 0.212 0.180 0.130 _0.095 0.08110.069 10.051 10.038 0.828 0.686 [0:570 10.475 _0.396 10.331 _0.277 _0.232 0.164 _0.083 0.070 10.060 10.043 10.031 0.820 0.673 0.554 10.456 0.377 10.312 0.258 0.215 0.178 _0.149 _0.104 0.073 0.06110.051 10.037 0.811 _0.660 _0.538 | 0.439 _0.359 1 0.294 | 0.242 0.199 0.164 0.135 _0.064 0.053 10.04410.031 10.022 0.803 _0.647 | 0.522 1 0,422 0.342 10.278 1 0.226 0.184 0.150 0.123 _0.083 _0.056 10.046 10.038 10.02610.018 0.795 0.634 _0.507 _0.406 0.326 _0.262 0.211 0170 0.138 0.112 _0.074 0.049 0.040 1 0.033 | 0.022 1 0.015 0.788 0.622 0.492 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.066 1 0.043 0.035 1 0.028 0.019 10.013 0.780 10.610 _0.478_ 10.375 0.295 10.233 0.184 0.146 0,116 0.092 10.059 0.038 0.030_ 1 0.02410.016 _0.010 0.772 0.598 _0.361 0.28110.220 _0.172 0.106 _0.084 _0.053 0.033 0.026 10.02110.014 10.009 0.764 _0.586 10.347 _0.268 10.20710.161 0.125 _0.098 _0.076 10.047 0.029 0.023 10.018 | 0.011 10.007 0.757 1 0.574 10.437 10.333 0.255 10,196 10.150 0.116 0.090 0.069 10.042 0.026 10.020 10.01610.0101 0.006 0.749 10.563 10,424 10,321 0.243 _0.185 0.141 0.107 0.082 _0.063 0.037 0.022 0,01710.014 10.008 | 0.005 0.742 ]0.552 10.412 10.308 0.231 ]0.174 0.131 0.099 0.075 10.05710.033 _0.01510.012 10.007 10.004 0.672 10.453 10.30710.208 0.142 | 0.097 [ 0:067 1 0.046 0.032 ]0.022] 0.011 | 0.005 0.004 1 0.00310.001 10.001 0.608 10.372 10:228 10.141 10:087 10.05410.034 1.02119.0131 0009 10.003 10.001 10.001 10:001 0.194 1 0,116 1 0.026 10.093 0:135 0.020 3/2/2020 Reference Periods 12% 18% 0.847 1.566 2.174 2.690 3.127 2.322 6.728 6.418 6.145 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.970 1.942 1.913 1.886 1.859 1.8331.808 1.783 1.759 1.736 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 10.368 9.787 9.253 8.760 8.306 7.499 7.139 6.805 6.495 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 17.226 15.678 14.324 13.134 | 12.085 11.158 10.336 9.604 8.950 8.365 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 | 9.292 8.649 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 22.795 20.121 | 17.877 15.983 14.375 13.003 11.826 10.810 | 9.929 9.161 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 24.316 21.281 18.764 16.663 14.898 13.406 12.137 11.051 10.116 9.307 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.198 9.370 25.808 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.2749.427 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 7.887 14% 15% 16% 0.877 0.870 0.862 1.647 1.626 1.605 2.283 2.246 2.914 2.855 2.798 3.433 3.352 3.274 3.889 3.784 3.685 4.288 4.160 4.039 4.639 4.487 4.344 4.946 4.772 4.607 5.216 5.019 4.833 5.453 5.234 5.029 5.660 5.421 5.197 5.842 5.583 5.342 6.002 5.724 5.468 6.142 5.847 5.575 6.265 5.954 5.669 6.373 6.047 5.749 6.467 6.128 5.818 6.550 6.198 5.877 6.623 6.259 5.929 6.687 6.312 5.973 6.743 6.359 6.011 6.792 6.399 6.044 6.835 6.434 6.073 6.873 6.464 6.097 6.906 6.491 6.118 6.935 6.514 6.136 6.9616.534 6.152 6.983 6.551 6.166 7.003 6.566 6.177 7.105 6.233 7.133 6.6616.246 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 7.562 7.645 7.718 7.784 7.843 7.896 7.943 7.943 7.984 8.022 8.055 8.244 8.304 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.730 4.775 4.812 4.844 3.498 3.812 4.078 4.303 4.494 4.656 4.793 4.910 5.008 5.092 5.162 5.222 5.273 5.316 5.353 5.384 5.410 5.432 5.451 5.467 15.562 4.870 5.480 5.492 5.502 5.510 5.517 5.548 5.554 4.891 4.909 4.925 4.937 4.948 4.956 4.964 4.970 4.975 4.979 4.997 4.999 6.642 3/2/2020 Reference 1.105 1.967 3.106 1.243 1.665 2.720 4.363 1.980 Future Value of $1 | Periods" % 2% 3% 14% 5% | 6% 17% 8% 9% | 10% | 12%] 14% | 15% | 1.010 ] 1.020 11.030 | 1.040 | 1.050 | 1.060 11.070 11.080 | | 1.100 1.120 | 1.140 | 1.150 1.020 | 1.040 | 1.061 | 1.082 | 1.103 | 1.124 | 1.145 11.166 11.188 | 1.210 | 1.254 | 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191] 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.041 | 1.082 1.126 1.170 1.216 | 1.262 1.311 1.360 1.42 1.464 1.574 1.689 1.749 1.051 1.104 | 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1925 2. 01 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.195 2.313 1.072 | 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 12.502 2.660 1.083 1.172 1.267 1.369 1. 47 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.094 1.195 1.305 1.423 | 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 1.219 1.344 11.480 1.629 1.791 2. 159 2.367 2.594 3.707 4.046 1.116 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.138 1.294 1.469 1.886 2.133 2.410 3.066 3.452 5.492 6.153 1.149 | 1.319 | 1.513 1.732 2.261 2.579 2.937 3.342 3.798 4.887 6.261 7.076 1.161 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 5.474 7.138 8.137 1.173 | 1.373 |1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.866 9.276 10.76 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 7.690 10.58 12.38 1.208 1.457 1.754 2.107 | 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 1.220 1.486 1.806 | 2.191 2.653 3.207 3.870 4.661 5.604 6.727 9.646 13.74 | 16.37 1.232 | 1.516 | 1.860 2.279 2.786 3.400 4.141 6.109 7.400 10.80 15.67 1.245 1.546 | 1.916 2.370 2.925 13.604 4.430 5.437 6.659 18.140 12.10 | 17.86 21.64 1.257 1.577 1.974 2.465 3.072 3.820 4.741 5.871 8.954 13.55 20.36 24.89 1.270 1.608 2.033 2.563 3.225 4.049 5.072 6.341 7.911 9.850 15.18 23.21 1.282 12.094 2.666 3.386 4.292 5.427 6.848 18.623 10.83 17.00 26.46 32.92 1.295 | 1.673 | 2.157 2.772 3.556 4.549 5.807 7.396 9.399 11.92 19.04 30.17 37.86 1.308 1.707 2.221 2.883 3.733 4.822 6.214 7.988 10.25 13.11 21.32 34.39 43.54 1.321 1.741 2.288 2.999 3.920 5.12 6.649 8.627 11.17 14.42 23.88 39.20 50.07 1.335 1.776 2.357 3.119 4.116 | 5.418 7.114 19.317 12.17 15.86 26.75 44.69 57.58 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.06 13.27 17.45 29.96 50.95 66.21 1.489 2.208 3.262 4.801 17.040 10.29 | 14.97 21.72 31.41 45.26 93.05 188.9 1267.9 | 2.692 | 4.384 | 7.107 | 11.47 | 18.42 | 29.46 | 46.90 | 74.36 | 1174 | 2890 | 9.358 5.560 5.034 18.82 7.258 28.63 1.641 | 3/2/2020 Reference 5.416 17.55 | 12.81 3.81 16.63 Future Value of Ordinary Annuity of $1 | Periods" % 2% 3% 14% 5% | 6% 17% 8% 9% | 10% | 12%] 14% | 15% | 1.000 11.000 11.000 | 1.000 11.000 | 1.000 11.000 11.000 1 1.000 | 1.000 | 1.000 11.000 1.000 12.010 | 2.020 | 2.030 | 2.040 12.050 12.060 | 2.070 | 2.080 | 2.090 2.100 2.120 2.140 2.150 3.030 13.060 13.091 | 3.122 13.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 4.060 4.122 4.184 4.246 4.310 4.375 4.40 4.506 4.573 4.641 4.779 4.921 4.993 5.101 5.204 5.309 5.526 5.637 | 5.751 5.867 5.985 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 16.975 17.153 7.336 7.523 7.716 8.115 8.536 8.754 7.214 | 7.434 7.662 7.898 8.142 8.394 | 8.654 8.923 9.200 9.487 10.09 10.73 1.07 8.286 18.583 8.892 9.214 9.549 9.897 10.260 10.64 | 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 | 10.58 11.03 11.49 | 1.98 12.49 | 13.02 13.58 14.78 | 16.09 | 16.79 10.46 | 10.95 11.46 12.01 12.58 13.18] 13.82 14.49 | 15.19 15.94 19.34 20.30 11.57 12.17 13.49 14.21 14.97 15.78 16.65 | 17.56 18.53 20.65 23.04 24.35 12.68 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 14.68 15.62 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34.35 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 17.26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 19.61 21.41 23.41 25.65 28.13 30.91 37.45 41.30 45.60 55.75 68.39 75.84 22.84 | 27.67 30.54 33.76 41.45 46.02 51.16 63.44 78.97 88.21 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 23.24 25.78 28.68 31.97 35.72 39.99 50.42 56.76 81.70 104.8 118.8 24.47 27.30 30.54 34.25 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 | 137.6 25.72 28.85 32.45 36.62 41.43 47.00 53.44 69.53 79.54 104.6 138.3 159.3 26.97 30.42 34.43 39.08 44.50 50.82 58.18 66.76 88.50 118.2 158.7 184.2 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.1 84.70 98.35 133.3 181.9 212.8 29.53 33.67 38.55 4.31 51.11 59.16 68.68 79.95 93.32 109.2 150.3 208.3 245.7 30.82 35.34 40.71 47.08 54.67 63.71 74.48 87.35 | 102.7 121.1 169.4 1238.5 283.6 32.13 37.05 | 42.93 49.97 58.40 68.53 80.70 95.34 | 113.0 134.2 190.7 1272.9 1327.1 33.45 38.79 45.22 52.97 62.32 73.64 87.35 104.0 | 124.1 148.6 214.6 312.1 377.2 34.78 40.57 47.58 56.08 | 66.44 79.06 194.46 113.3 136.3 164.5 241.3 356.8 434.7 48.89 60.40 195.03 120.8 154.8 199.6 259.1 337.9 42.6 1,342 1,779 84.58 | 112.8 | 152.7 | 209.3 | 290.3 | 4065 | 573.8 | 815.11 | 1.164 | 2400 | 4,995 | 7.218 20.81 25.12 34.00 37.38 44.87 64.00 60.89 76.79 75.40" 767.1