need help answering question, pls calculation if possible
Garcia Company issues 9.00%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 129 3/8. Confirm that the bonds' selling price is approximately correct. Use present value Table B1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount.) = = Selling Price $ 491,644 P resent Value Par Value x Price 380,000 129 3/8 Cash Flow Table Value $380,000 par (maturity) value $17,100 interest payment Price of Bond Difference due to rounding of table values 491.644 Rate Periods 2% 39 5% 6% 7% 8% 9% 15% 10% 12% TA 12 0.9901 0.9804 0.9709 0.9615 0.9803 0.9612 0.9426 0.9246 0.9706 0.9423 0.9151 0.8890 0.9610 0.9238 0.8885 0.8548 0.9515 0.9057 0.8626 0.8219 0.9420 0.8880 0.8375 0.7903 0.9327 0.8706 0.8131 0.7599 0.9235 0.8535 0.7894 0.7307 0.91430.8368 0.7664 0.7026 0.9053 0.8203 0.7441 0.6756 0.8963 0.8043 0.7224 0.6496 0.8874 0.7885 0.7014 0.6246 0.8787 0.7730 0.68100.6006 0.8700 0.7579 0.6611 0.5775 0.8613 0.7430 0.64190.5553 0.8528 0.7284 0.6232 0.5339 0.8444 0.7142 0.6050 0.5134 0.8360 0.7002 0.5874 0.4936 0.8277 0.6864 0.5703 0.4746 0.8195 0.6730 0.5537 0.4564 0.7798 0.6095 0.4776 0.3751 0.7419 0.5521 0.4120 0.303 0.7059 0.5000 0.3554 0.2534 0.67170.45290.3066 0.2083 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 0.2953 0.2314 0.1813 0.1420 0.94340.9346 0.8900 0.8734 0.8396 0.8163 0.7921 0.7629 0.7473 0.7130 0.7050 06663 0.6663 0.6651 0.6227 0.6274 0.5820 0.5919 0.5439 0.5584 0.5083 0.5268 0.4751 0.4970 0.4440 0.4688 0.4150 0.4423 0.3878 0.4173 0.3624 0.3936 0.3387 0.3714 0.3166 0.3503 0.2959 0.3305 0.2765 0.3118 0.2584 0.2330 0.1842 0.1741 0.1314 0.1301 0.0937 0.0972 0.0668 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 0.1460 0.0994 0.0676 0.0460 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 02519 0.2519 0.2311 0.2120 0.1945 0.1784 0.1160 .0754 0.0490 0.0318 0.9091 0.8264 0.7513 0.6830 0.6209 0.5645 0.5132 0.4665 0.4241 0.3855 0.3505 0.3186 0.2897 0.2633 0.2394 0.2176 0.1978 0.1799 .1635 0.1486 0.0923 0.0573 0.0356 0.0221 0.89290.8696 0.7972 0.7561 0.7118 0.6575 0.6355 0.5718 0.5674 0.4972 0.5066 0.4323 0.4523 0.3759 0.4039 0.3269 0.3606 0.2843 0.3220 0.2472 0.2875 0.2149 0.2567 0.1869 0.2292 0.1625 0.2046 0.1413 0.1827 0.1229 0.1631 0.1069 0.1456 0.0929 0.1300 0.0808 0.1161 0.0703 0.1037 0.0611 0.0588 0.0304 0.0334 0.0151 0.0189 0.0075 0.0107 0.0037 0 0 40 Used to compute the present value of a known future amount. For example: How much would you need to invest today at 10% compounded semiannually to accumulate 5. in 6 years from today? Using the factors of a 12 and i= 5% (12 semiannual periods and a semiannual rate of the factor is 0.556. You would need to invest $2,784 today (55.x 0.5568) Rate Periods 75 12% 1% 2% 9% 15% 10% 0.9901 1.9704 2.9410 3.9020 4.8534 5.7955 6.7282 7.6517 8.5660 9.4713 10.3676 11.2551 12.1337 13.0037 13.8651 14.7179 15.5623 16.3983 17.2260 18.0456 22.0232 25.8077 29.4086 32.8347 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 2.8839 28286 2.7751 2.72322.6730 2624325771 3.8077 3.7171 3.6299 3.5460 3.4651 3.3872 3.3121 4.7135 45797 4.4518 43295 42124 4.1002 3.9927 5.6014 5.41725.2421 5.07574.9173 4.7665 4.6229 6.4720 6.23036.0021 5.7864 5.5824 5.3893 5.2064 7.3255 7.0197 6.7327 6.4632 6.2098 5.9713 5.7466 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 8.9826 8.53028.1109 7.7217 7.36017 0236 6.7101 9.7868 9.2526 8.7605 8.3054 7.8869 7.4987 71190 7.1390 10.5753 9.9540 9.3851 8.8633 8.3838 7.9427 7.5361 11.3484 10.6350 9.9856 9.3936 8.8527 8.3577 7.9038 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 12.8493 11.9379 11.1184 10.3797 9 .7122 9.1079 8.5595 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 8.8514 14.291913.1661 12.1657 11.2741 10.4773 9.7632 9.1216 14.9920 13.753512659311.6896 10.8275 10.0591 9 .3719 15.6785 14.3238 13.1339 12.0853 11.1581 10.3.356 9.60.36 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 19.5235174131 15.6221 14.093912.7834 11.6536 10.6748 22.3965 19.600417.2920 15.3725 13.7648 12.4090 11.2578 24.9986 21.4872 18.6646 16.3742 14.4982 12.9477 11.6546 27.3555 23.114819.7928 17.1591 15.046313.3317 11.9246 0.9174 0.9091 0.8929 0.8696 1.7591 1.7355 1.6901 1.6257 2.5313 2.4869 2.4018 2.2832 3.2397 3.16993.0373 28550 3.8897 3.7908 3.6048 3.3522 4.4859 4.3553 4.1114 3.7845 5.0330 4.8684 4.5638 4.1604 5.5348 5.3349 4.9676 4.4873 5.9952 5.7590 5.3282 4.7716 6.4177 6.1446 5.6502 5.0188 6.8052 6.4951 5.9377 5.2337 7.16076.8137 6.1944 5.4206 7.48697.1034 6.4235 5.5831 7.786273667 6.6282 5.7245 8.0607 7.6061 6.81095.8474 8.3126 7.8237 6.9740 5.9542 8.5436 8.0216 7.1196 6.0472 8.7556 8.2014 7.2497 6.1280 8.9501 83649 73658 6.1982 9.1285 8.5136 74694 6.2593 9.8226 9.0770 7.8431 6.4641 10.27379.42698.0552 6.5660 10.5668 9.6442 8.1755 6.6166 10.7574 9.7791 8.2438 6.6418 17 25 30 n Used to cause the procent value of a wries of qual payments made the end of each period. For example: What is the present value of 52,000 per year for 10 years assuming a interest rate of For 10,1 9 ), the PV factor is 6,4177.52.000 per year for 10 years is the equivalent of $12.35 today(52.000X64177
