On December 31, 2018, when the market interest rate is 10%, Timmony Realty issues $300,000 of 7.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Round all currency amounts to the nearest whole dollar.) 3) (Click the icon to view Present Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary (Click the icon to view Future Value of $1 table.) Click the icon to view Future Value of Ordinary Annuity of $1 table.) The present value of the bonds at issuance amounts to 3/2/2020 Reference 10.567 0.402 0263 0.225 |o270 10.162 Present Value of $1 | Periods] % 2% 13% 14% 15% 6% 7% 8% 9% 110% 12% 14% 115% 116% 118% | 20%, | 0.990 10.980 10.97110.962 10.952 10.943 10.935 10.926 10.917 10.909 10.893 10.877 10.870 10.862 10.847 10.833 | 0.980 10.961 | 0.943 10.925 10.907 10.890 10.873 | 0.857 10.842 | 0.826 10.797 10.769 10.756 10.743 10.718 10.694 0.971 0.942 10.915 10.889 0.864 10.840 0.816 10.794 10.772 0.751 | 10.712 10.675 | 0.658 | 0.641 | | 0.609 0.579 0.961 10.924 | 10.888 | 0.855 10.823 | 0.792 10.763 10.735 | 0.708 0.683 10.636 10.592 | 0.572 | 0.552 10.516 0.482 0.951 0.906 | 0.863 | 0.822 0.784 | 0.747 0.713 | 0.681 | 0.650 10.621 10.519 | 0.497 | 0.476 | 0.437 0.942 | 0.888 10.837 | 0.790 10.746 | | 0.705 10.666 | 0.630 10.596 0.564 | 0.507 | 10.456 | 0.432 | 0.410 | 0.370 10.335 0.933 0.871 | 0.813 10.760 0.711 10.665 0.623 | 0.583 | 0.547 0531 0.452 10.400 | 0.376 | 0.354 10.314 0.279 0.923 | 0.853 10.789 10.731 0.677 0.627 0.582 | 0.540 | 0.502 0.467 10.404 | 0.351 | 0.327 10.305 0.266 0.233 0.914 0.837 10.766 10.703 | 0.645 | 0.592 0.544 0.500 10.460 0.424 | 10.361 0.308 0.284 0.194 0.905 0.820 10.744 10.676 0.614 10.558 0.508 | 0.463 | 0.422 0.386 0.322 10.227 0.191 0.162 0.896 0.804 | 0.722 | 0.650 10.585 | 0.527 10.475 | 0.429 | 0.388 0.350 0.287 | 0.237 | 0.195 0.135 0.887 10.788 | 10.701 | 0.625 0.557 10.497 10.444 10.397 | 0.397 | 0.356 0.319 0.257 10.208 10.187 10.168 0.137 | 10.112 0.879 | 0.773 | 0.681 | 0.601 10.530 10.469 | 0.415 10.368 10.326 10.290 0.229 0.182 | 0.163 | 0.145 10.116 0.093 0.870 10.758 | 0.6611 0.577 10.505 10.442 10.388 | 0.340 | | 0.299 10.263 0.205 0.160 | 0.141 | 0.125 10.099 10.078 0.861 10.743 10.642 10.555 10.481 | 10.417 0.362 | 0.315 10.275 10.239 0.183 0.140 | 0.123 10.108 10.084 0.065 0.853 10.728 10.623 10.534 10.458 | 0.394 10.339 10.292 | 0.252 0.218 0.163 10.123 10.107 | 0.093 10.071/ 0.054 0.844 | 0.74 | 0.605 | 0.513 10.436 10.371 0.317 10.270 | 0.231 10.198 0.146 | 0.108 | 0.093 | 0.080 0.060 0.045 0.836 10.700 | 0.587 10.494 10.416 | 0.350 0.296 10.250 | 0.212 0.180 0.130 10.095 | 0.081| 0.069 10.051 0.038 0.828 | 0.686 | 0.570 | 0.475 | 0.396 | 0.331 | 0.277 10.232 | 0.194 0.164 0.116 10.083 | 0.070 | 0.060 | 0.043 0.031 0.820 10.673 10.554 | 0.456 10.377 | 0.258 10.215 | 0.178 0.149 0.104 10.073 10.061 | 0.051 10.037 0.026 0.811 | 0.660 10.538 | 0.439 10.359 10.294 | 0.242 10.199 | 0.164 0.135 10.093 | | 0.064 | 0.053 10.044 10.022 0.803 10.647 10.522 0.422 10.342 0.278 0.226 10.184 | 0.150 0.123 0.083 0.056 | 0.046 | 0.038 0.026 0.018 0.795 10.634 10.507 10.406 10.326 10.262 0.211 0.170 10.138 0.112 0.074 0.049 10.040 | 0.033 10.022 10.015 0.788 | 0.622 | 0.492 | 0.390 10.310 | 0.247 0.197 10.158 | 0.102 10.066 10.043 | 0.035 | 0.028 10.019 0.013 0.780 0.60 10.478 | 0.375 10.295 0.233 0.184 10.146 | 0.116 0.092 0.059 10.038 0.030 | 0.024 0.016 0.010 0.772 | 0.598 | 0.464 | 0.361 10.281 | 0.220 0.172 10.135 | 0.106 0.084 0.053 10.033 | 0.026 10.021 | 0.014 0.009 0.764 0.586 10.450 | 0.347 0.268 10.207 0.161 10.125 | 0.098 0.076 0.047 10.029 | 0.023 10.018 10.011 0.007 0.757 10.574 10.437 | 0.333 10.255 0.196 0.150 10.116 | 0.090 10.069 0.042 0.026 | 0.020 | 0.016 | 0.010 0.006 0.749 0.563 10.424 0.321 10.243 0.185 0.141 10.107 10.082 10.063 10.037 10.017 0.014 0.008 10.005 0.742 10.552 0.412 0.308 0.231 | 0.174 0.131 0.099 10.075 0.057 | 0.033 | 0.020 0.015 | 0.012 0.007 0.004 0.672 | 10.453 | 0.307 | 0.208 | 0.142 | 0.097 | 10.067 | 0.046 | 0.032 | 0.001 50 10608 | 0.372 | 0228 | 0.141 0.087 | 0.054 | 0.034 .021 | 0.013 | 0.00 .003 | 0.001 0.001 lo.001 123456789pmBHB9%a%84w m 0.312 0.031 0.126 0.022 0.02 | 0.01 0005 004 003 0.001 3/2/2020 Reference Periods 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 8.244 6.194 6.424 6.628 6.811 6.974 5.575 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 1.833 1.808 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 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.728 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 8.162 7.786 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 6.418 6.145 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.1616.814 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 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 15.562 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 9.5808.883 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.7078.985 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 10.274 9.427 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 5.092 14% 15% 16% 18% 0.877 0.870 0.862 0.847 1.647 1.626 1.605 1.566 2.322 2.283 2.246 | 2.174 2.914 2.855 2.798 2.690 3.433 3.352 3.274 3.127 3.8893.784 3.685 3.498 4.288 4.160 4.039 3.812 4.639 4.487 4.344 4.078 4.946 4.772 4.607 4.303 5.216 5.019 4.833 4.494 5.453 5.234 5.029 4.656 5.660 5.421 5.1974.793 5.8425.583 5.3424.910 6.002 5.724 5.468 5.008 6.142 5.847 6.265 5.954 5.669 5.162 6.373 5.749 5.222 6.467 6.128 5.818 5.273 6.5506.198 5.877 5.316 6.623 6.259 5.929 5.353 6.687 6.312 5.973 5.384 6.743 6.359 6.011 5.410 6.792 6.399 6.044 5.432 6.835 6.434 6.073 5.451 6.873 6.464 6.097 5.467 6.906 6.491 6.118 5.480 6.935 6.514 6.136 5.492 6.534 6.152 5.502 6.983 6.551 6.166 5.510 7.003 6.566 6.177 5.517 7.105 6.642 6.233 5.548 7.133 6.6616.246 5.554 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 4.870 4.891 4.909 4.925 4.937 4.948 4.956 4.964 4.970 4.975 4.979 4.997 7.120 6.047 7.250 7.366 7.469 7.562 7.645 7.718 7.784 7.843 7.896 7.943 7.984 8.022 8.055 8.244 8.304 6.961 50 4.999 3/2/2020 Reference Periods 2% 1.020 1.040 1.061 1.082 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 8% 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 1.104 2.313 1.126 1.149 1.172 1.195 1.219 1.999 2.195 2.502 2.853 3.252 3.707 4.226 4.818 5.492 6.261 7.138 2.660 3.059 3.518 4.046 4.652 5.350 6.153 7.076 8.137 4% 5% 1.040 1.050 1.0821.103 1.125 1.158 1.170 1.216 1.217 1.276 1.265 1.340 1.316 1.407 1.369 1.477 1.423 1.551 1.480 1.629 1.539 1.710 1.601 1.796 1.665 1.886 1.732 1.980 1.801 2.079 1.873 2.183 1.948 2.292 2.026 2.407 2.107 2.527 2.191 2.653 2.279 2.786 2.370 2.925 2.465 3.072 2.563 3.225 2.666 3.386 2.772 3.556 2.883 3.733 2.999 3.920 3.119 4.116 4.322 4.801 7.040 7.107 11.47 1.974 2.211 2.476 2.773 3.106 3.479 3.896 4.363 4.887 5.474 6.130 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.232 1.245 1.257 1.270 1.282 Future Value of $1 6% 7% 1.060 1.070 1.1241.145 1.191 1.225 1.262 1.311 1.338 1.403 1.419 1.501 1.504 1.606 1.594 1.718 1.689 1.838 1.791 1.967 1.898 2.105 2.012 2.252 2.133 2.410 2.261 2.579 2.397 2.759 2.540 2.952 2.693 3.159 2.854 3.380 3.026 3.617 3.207 3.870 3.400 4.141 3.604 4.430 3.820 4.741 4.049 5.072 4.292 5.427 4.549 5.807 4.822 6.214 5.112 6.649 5.418 7.114 5.743 7.612 10.29 14.97 18.42 29.46 1.243 1.384 1.268 1.426 1.294 1.469 1.319 1.513 1.346 1.558 1.373 1.605 1.653 1.428 1.702 1.457 | 1.754 1.486 1.806 1.5161.860 1.546 | 1.916 1.577 1.608 2.033 1.641 2.094 1.673 2.157 1.707 2.221 1.741 2.288 1.776 2.357 1.811 2.427 2.208 3.262 2.692 4.384 2.159 2.332 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 4.661 5.034 5.437 9% 10% 1.090 1.100 1.1881.210 1.295 1.331 1.412 1.464 1.539 1.611 1.677 1.772 1.828 1.949 1.993 2.144 2.172 2.358 2.367 2.594 2.580 2.853 2.813 3.138 3.066 3.452 3.342 3.798 3.642 4.177 3.970 4.595 4.328 5.054 4.717 5.560 5.142 6.116 5.604 6.727 6.109 7.400 6.659 8.140 7.258 8.954 7.911 9.850 8.623 10.83 9.399 11.92 10.25 13.11 11.17 14.42 12.17 15.86 13.27 17.45 45.26 74.36 117.4 6.866 9.358 10.76 12.38 14.23 16.37 18.82 21.64 24.89 28.63 1.974 5.871 8.137 9.276 10.58 12.06 13.74 15.67 17.86 20.36 23.21 26.46 30.17 34.39 39.20 44.69 50.95 188.9 700.2 7.690 8.613 9.646 10.80 12.10 13.55 15.18 17.00 19.04 21.32 23.88 26.75 29.96 93.05 289.0 6.341 6.848 7.396 7.988 8.627 9.317 10.06 32.92 1.295 1.308 1.321 1.335 1.348 37.86 43.54 50.07 57.58 66.21 267.9 1,084 3.243 1.489 21.72 31.41 46.90 3/2/2020 Reference 2.140 5.204 6.742 12.30 41.49 18.53 20.65 34.35 Future Value of Ordinary Annuity of $1 Periods) 1% | 2% 1 3 % 4% | 5% | 6% | 7% | 8% | 9% | 10% | 12% | 14% | 15% | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 11.000 11.000 | 1.000 1,000 11.000 11.000 T1000 11.000 2.010 | 2.020 ] 2.030 | 2.040 | 2.050 | 2.060 | 2.070 | 2.080 | 2.090 | 2100 2.120 2.150 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 4.060 4.122 4.184 | 4.246 4.310 14.375 4.40 4.506 | 4.573 14.641 4.779 4.921 | 4.993 5.101 5.309 | 5.416 5.526 15.637 5.751 5.867 5.985 6.105 6.353 6.610 | 6.152 6.308 | 16.468 | 6.633 | 6.802 16.975 7.153 | 7.336 | 7.523 17.716 18.115 8.536 8.754 7.214 7.434 17.662 | 7.898 18.142 18.394 8.654 18.923 19.200 9.487 | 10.09 | 10.73 1.07 8.286 8.583 | 8.892 | 9.214 9.549 19.897 10.260 | 10.64 11.03 11.44 13.23 13.73 9.369 9.755 | 10.16 | 10.58 11.03 | 11.98 | 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 17.55 19.34 20.30 11.57 12.17 | 12.81 13.49 14.21 14.97 15.78 16.65 17.56 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 13.81 14.68 15.62 16.63 17.71 18.88 20.14 | 21.50 22.95 24.52 28.03 32.09 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 34.00 37.45 41.30 45.60 55.75 68.39 75.84 20.81 22.84 25.12 27.67 30.54 33.76 37.38 | 41.45 46.02 151.16 63.44 || | 78.97 188.21 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 25.78 28.68 31.97 35.72 39.99 44.87 50.42 56.76 64.00 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 60.89 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 76.79 88.50 118.2 | 158.7 184.2 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.11 84.70 98.35 133.3 181.9 212.8 29.53 33.67 38.55 44.31 51.11 59.16 68.68 179.95 93.32 109.2 150.3 208.3 245.7 30.82 35.34 40.71 47.08 54.67 63.71 74.48 187.35 102.7 121.1 169.4 238.5 283.6 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95.34 113.0 134.2 190.7 272.9 327.1 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 66.44 79.06 94.46 113.3 136.3 164.5 241.3 1356.8 434.7 48.89 60.40 | 75.40 95.03 | 120.8 | 154.8 | 199.6 259.1 | | 337.9 42.6 1767.1 | 1,342 | 1,779 64.46 | | 84.58 | 1128 | 152.7 | 209.3] 290.3 | 406.5 | 573.8 | 815.1 | 1,164 | 2.400 | 4,995 | 7.218 23.24 56.08