Nicholas Rausch, Inc. issued $400,000 of 11%, eight-year bonds payable on January 1, 2024. The market interest rate at the date of issuance was 8%, and 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 fable.) Read the requirements (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar) (Use the factor tables provided with factors rounded to three decimal places currency amounts to the nearest dollar) Upon issuance of the bonds payable, the company received Periods 1% 2% 3% 4% 5% 6% Period 1 0.990 0.980 0.971 0.962 0.952 Period 2 0.980 0.961 0.943 0.925 Period 3 0.971 0.942 0.915 0.889 0.943 0.907 0.890 0.873 0.857 0.864 0.840 0.816 0.794 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 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 Period 7 0.933 0.871 0.813 0.760 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 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 0.596 0.564 0.507 0.547 0.513 0.452 0.502 0.467 0.404 0.460 0.424 0.361 0.422 0.386 0.322 Period 11 Period 12 0.887 0.788 0.701 0.625 Period 13 0.879 0.773 0.681 Period 14 0.870 0.758 0.661 Period 15 0.861 0.743 0.642 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.557 0.497 0.444 0.601 0.530 0.469 0.415 0.577 0.505 0.442 0.388 0.555 0.481 0.417 0.362 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 Period 17 0.844 0.714 0.605 0.513 0.436 Period 18 Period 19 0.828 0.686 0.570 0.475 0.396 0.371 0.317 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.331 0.277 0.232 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 Present Value of $1 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 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 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 0.429 0.388 0.350 0.287 0.397 0.356 0.319 0.257 0.368 0.326 0.290 0.229 0.340 0.299 0.263 0.205 0.315 0.275 0.239 0.183 0.456 0.432 0.410 0.370 0.335 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 0.237 0.215 0.195 0.162 0.135 0.208 0.187 0.168 0.137 0.112 0.182 0.163 0.145 0.116 0.093 0.160 0.141 0.125 0.099 0.078 0.140 0.123 0.108 0.084 0.065 0.292 0.252 0.218 0.163 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 0.178 0.149 0.104 0.073 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 0.184 0.164 0.135 0.093 0.150 0.123 0.083 0.056 0.070 0.060 0.043 0.031 0.061 0.051 0.037 0.026 0.064 0.053 0.044 0.031 0.022 0.046 0.038 0.026 0.018 Present Value of Ordinary Annuity of $1 Periods Period 1 1% 2% 3% 4% 0.990 0.980 0.971 0.962 Period 2 1.970 1.942 1.913 1.886 Period 3 2.941 2.884 2.829 2.775 6% 7% 5% 8% 9% 10% 12% 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 2.723 2.673 2.624 2.577 2.531 2.487 14% 15% 16% 18% 20% 0.870 0.862 0.847 0.833 1.626 1.605 1.566 1.528 2.402 2.322 2.283 2.246 2.174 2.106 Period 4 3.902 3.808 Period 5 4.853 4.713 4.580 3.717 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 Period 6 4.623 4.486 4.355 3.685 3.498 3.326 Period 7 Period 8 4.607 4.833 4.494 4.192 4.303 4.031 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.111 3.889 3.784 6.728 6.472 6.230 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 7.652 7.325 7.020 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 Period 9 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.772 Period 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 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 5.197 4.793 4.439 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 5.342 4.910 4.533 Period 14 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 5.468 5.008 4.611 Period 15 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 5.575 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 5.273 4.812 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 5.877 5.316 4.844 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 5.929 5.353 4.870 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 5.973 5.384 4.891 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 6.011 5.410 4.909 Future Value of $1 Periods 1% Period 1 Period 2 Period 3 Period 4 Period 5. 1.104 5% 2% 3% 4% 12% 6% 7% 10% 8% 14% 15% 9% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 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 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.051 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.405 1.482 1.521 1.574 1.689 1.749 1.762 1.925 2.011 Period 6 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 Period 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 Period 8 1.083 1.172 Period 9. 1.094 1.195 Period 10 1.105 1.219 Period 11 1.116 1.243 1.384 Period 12 1.127 1.268 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 1.539 1.710 1.898 2.105 2.332 2.580 2.853 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 2.773 3.252 3.518 3.106 3.707 4.046 3.479 4.226 4.652 3.896 4.818 5.350 4.363 5.492 6.153 4.887 6.261 7.076 5.474 7.138 8.137 1.138 1.294 1.149 1.319 1.161 1.346 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358. 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 5.560 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 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 2.476 2.853 3.059 Periods Period 1 Period 2 Period 3 Period 5 3.030 3.060 3.091 3.122 3.153 Period 4 4.060 4.122 4.184 4.246 4.310 5.101 5.204 5.309 5.416 3.184 4.375 5.526 5.637 Future Value of Ordinary Annuity of $1 1% 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 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 3.215 3.246 3.278 3.310 3.374 3.440 3.473 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.751 5.867 5.985 6.105 6.353 6.610 6.742 Period 6 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 Period 7 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.923 9.200 9.487 10.09 10.73 11.07 Period 8 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 Period 9 9.369 9.755 10.16 10.58 11.03 11.49 Period 10 10.46 10.95 11.46 12.01 12.58 13.18 11.98 12.49 13.02 13.82 14.49 15.19 15.94 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 Period 12 12.68 13.41 14.19 15.03 15.92 16.87 Period 13 13.81 Period 14 14.68 15.62 16.63 17.71 14.95 15.97 17.09 18.29 19.60 Period 15 16.10 17.29 18.60 20.02 21.58 18.88 21.02 23.28 15.78 16.65 17.56 18.53 17.89 18.98 20.14 21.38 24.13 27.27 29.00 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 20.65 23.04 24.35 Period 19 Period 20 Period 16 17.26 18.64 20.16 21.82 23.66 Period 17 18.43 20.01 21.76 23.70 25.84 Period 18 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 Period 22 24.47 27.30 30.54 34.25 38.51 39.99 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