On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount of $115 million. The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 6% (Round your final answers to nearest whole dollar amount.) Table values are based on: n Amount Present Value i Cash Flow Interest Principal Price of bonds TABLE 6 Present Value of an Annuity Due of $1 PVAD-**]xa + ni 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.03 4.5% 5.0% 5.5% 6.01 7.0% 8.0% 10.0% 11.0% 12.0% 20.0% 1 1.00000 1.00000 100000 1.00000 100000 100000 1.000 1.000 1.00000 1.00000 10000 100000 100000 1.00000 1.00000 100000 100000 1.00000 2 1.99010 1.98522 1.98039 1.97561 1.97087 1.96618 1.96154 064 10520 1947 04940 1.9.458 1.92593 1.9170 1.20000 1.90000 1.49286 1.63333 3 2.97040 2.95588 294156 2.92742 291347 2.89969 2.0 2.07267 285941 284632 203339 280302 2.70326 2.75011 2.73554 2.71252 2.60005 2.52778 4 3.94099 3.91220 3.863883.85602 382061 300164 3.72509 3.7496 3.2125 0.00700 162.01 3.6202257710 3.53129 3.48685 1.44371 3.40183 3.10648 5 4.90197 4.85438 4.80773 4.76197 71710 4.6738 4.6290045875 4.54505 1154.5 4.307214312134.23072 4.16087 4.10245 4.01735 3.50873 6 5.85343 5.78264 5.71346 5.64583 5.579715.51505 5.45123294 29028 521236 6100204.99271 4.88965 4.79079 4.69590 460178 3.90061 7 6.79548 6,69719 6,60143 6.50813 41719 832855 6.24214 & 1577 KO 0955 01292 54 562288 5.48592535526 5.23054 5.11141 4.32551 8 7.72819 7.50821 747199 7.349397.23028 711454 7.62056.89270 6757 1207 6920 6.20637 6,032055.86842 5.71220 5.56376 4.60459 8.65168 8.48593 8.32548 8.17014 8.01960 787396 7.73274 7.50 24632 733457.2001997130 6.40 6.53482 6.33493 6.14612 5.96764 4.83716 10 9.5680292052 9.16224 8.97007 3.78611 8.6076 8.4353 28.1072 7.95220 160 7.51523 7.69 6.99525 6.75002 4.53705 6.32025 5.00097 11 10.47130 10.22218 9.98259 9.75206 53020 931611 911090 801272.72173859763 836009 Rose 7.71008 7.41766 7.14457 6.89223 6.450225.19247 12 11.763 11.07112 10.78685 10.51421 10.25262 10 00155 9.7604952092 0.30641 0.09254 B. 1967 8.1.1996 700510 7.49506 720652 693770 5.12706 13 12.25508 11.90751 11.57534 11.25776 10.05400 10 333 10,307 16.11858 986125961852 9.38354 820 8.536088160737.81369 7.49236 7.19837 5.4792 14 13.13374 12.73153 12.34837 11.98313 1149494 11.30274 109566 1062 10.1935 1011208 2.852095765 8.903788.416 8.10336 2.7407 742355 5.5 9.24424 8.7615 8.60 7.8187 7.82817 561057 15 14.00370 13.54338 13.10625 12.69091 12.27 11 2012 11.54312112226) 10.19864 10 58965 10.29499974547 9.5594890606 8.60608 1907 781036 5.67547 16 14.849505 1434323 13.84926 13.38138 12.03794 1251741 12.11030 1133955 11.37066 1103758 10.71225 10.10791 17 15.71787 15.13126 1457771 14.05500 1356110 12.00412 12 4530 12 23402 1183777 11.46216 11.10500 104449.8513731256 82 837016 7.700 572056 18 16.56225 15.90765 15.29187 14.71220 14,16612 1165132 1316567 12.70719 12.27407 11.86461 11.47726 1076322 10.12164 0.54363 0.00155 & 54370 2.1198 5.746) 19 17.30627 1667256 15.99203 15 35336 14.75351 141891265970 13.15999 12.4959 12 24607 11.82700 11.05000 107180920141 7012 07 5.81219 2018 22601 1742617 16.67846 15.67889 15.52380 149 14.11704 13.59320 13.08532 12 60765 12.15812 11 35.60 10.60360000119 3.790 MT 500 21 1904555 18.16864 1735143 1659916 15.87747 15 21240 1450 1400704 13.46221 12.95008 12.46992 11.59201 1081815 10.125 25 22.24339 21.03041 19.01793 18894091793554 1706837 1624696 15.40548 14796414151701255036 12.40 11.52876 10. 10 30 26.06599 24.37608 2284456 21.45355 20.1145 19 01577 17.98071 1702189 16.14107 15.33310 1450012 11.27767 12.1504111.910 011 01072 20. MS 27 9025925.73034 23.0822 22.10250 20 5448 10.72056 18 01704 16.92166 15.049071426093 12.75 117255210755 91 92 10.03 untveimages/fvad of 1.jpg TABLE 5 Future Value of an Annuity Due of $1 FVAD - 14 +18 - 1x (1 + I 1.0% 1.5% 2.0% 2.5% 3.0 3.5 4.0 4.5% 5.0% 5.5 6.00 7.0% 8.0% 9.0% 11.0% 1 1.0100 12.05 20.0% 1.0150 1.0200 1.0250 1.0300 1.0350 1.0400 1.0450 1,0500 1.0550 10600 1,0700 1.0800 1.0900 2 2.0301 1.1000 2.0452 2.0604 2.0756 1.1100 1.1200 1.2000 2.0909 21062 21216 2,1370 2.1525 21680 2.1836 22100 22464 2.2781 2.3100 23421 2.3744 3 3.0604 3.0909 3.1216 3.1525 26400 3 1836 3.2149 32465 32782 3.3101 3.3423 3.3746 3.4300 3.5061 3.5731 3.6410 3.7097 3.7793 4.3680 4 4.1010 4.1523 4.2040 4.2563 4.3091 4.3625 4.4163 4.4707 4.5256 4,5811 4.6371 4.7507 4.8666 4.9847 5.1051 5.2278 5.3528 6.4416 5.1520 5.2296 5.3081 5.3877 5.4634 5.5502 5.6330 5.7160 5.8019 5.8881 5.9753 6.1633 6.3350 6.5233 67156 6.9129 7.1152 8.9200 6 6.2135 6.3230 6.4343 6,5474 66625 6.7794 6.8983 7.0192 7.1420 7.2010 7.9 7.6540 7.9220 8.2004 8.4872 8.7833 9.0990 11.0159 7 7.2057 7.4328 7.5830 7.7361 7.8923 80517 82142 B000 8.5401 7218 .8925 9.259 6.366 10.0215 104350 10.8594 11.2007 15.4001 B 8.3685 8.5593 8.7546 8.0545 0.1501 9.3685 0.5028 9.4021 10.10.2503 10.401310780 11.4876 12.0210 12.5795 13.1640 13.7757 10.7989 9 9.4622 9.7027 9.0497 10.2034 10 4699 10.7314 11.0061 11 2882 11.5719 11.8754 12.1908 129164 13.4866 14.1929 14.9374 15.7220 16.5487 24.9587 10 10.5668 10.8633 11.1687 11.4835 11.8078 121420 12.4864 52.412 13.06 13.5835 13.9716 14.783 15.6455 165603 17.5312 18.561419.6546 31.1504 11 11.6825 12.0412 12.4121 127956 13.1920 13.6020 14.0258 144640 14.9121 153856 15.8699 16 3385 17.0771 19.1407 20.343 21.7132 23.13.31 38. SOS 12 12.8093 13.20 13.6803 14.1404 146170 15.1130, 15.6268 16.1599 16.7130 17.2868 17.821 19.1406 20.4053 21.05.34 23.5227 25 2116 27.0291 47.4966 18.5986 19.2926 13 13.9474 14.4504 14.9739 15.5190 16.0863 16 6770 17.2919 17.9921 20.0151 21.550 58.1959 23.2140 25.0192 26.0750 29.099 31.3926 19.7841 20.5786 21.4087 33.4054 36 2797 22 2760 24 1200 26.1521 283600 30.7725 14 15.0969 15.6821 16.2934 16.9319 17.598918.2957 19.0236 71.0351 36.4421 20.3243 32.0034 34.9497 38.1899 41.7533 15 16.2579 16.9324 17.6393 18.3802 19 1569 19.9710 20.8245217193 22657523.6411246725 26.81 12.7502 35.9737 39.547 43.500347 887 104.9305 16 17.4304 18.2014 19.0121 19.8647 20 7616 21.7050 22.697521.7417 24.8404 25.0964272129 29.8402 27.1324 28.4812 29.9057 32.9990 36.450240.2013 44.5992 19.3959 54.797 127.1167 17 18.6147 19.4894 20.4123 21.3863 224144 23 4997 24.6454 25.8551 32.7600 36.3790 40.4463 45.0185 50.1591 55.939542.4397 153.7400 18 10 8100 20.7967 21.8406 22.000 24.1160 25.3572 26.6712 28.0635 29.5390 31.1027 357856 30.0955 44762050.1601562750 63.2028 71.0524 1858 19 21.0190 22.1237 23.2974 24.5447 258704 27.2797 28.7701 30.3714 32.0660 33.8603 38.9927 43.8652 49.4229 557645 630025 71.265180.6087 224.0256 20 22.2392 23.4705 24.7833 26.1833 27.6765 29.2695 30.96/92 32.7831 34.7193 36.7861 37.5052 39.8643 42923 40.0057 54456861.873370400720210395026 270.000 21 23.4716 24 8376 26 2990 27.8629 29.5368 31 3289 33.2480 353034 58.1564 67 6765 78054492.240 1081818 126.0088 149 333 566 373 25 28.5256 30.5140 32 6700 35.0117 37.5530 40.3131 43.3117 46.5706 50.1135 58.9660 00017 101.0730 122.3459 148.5752 180 004 220 132 270.2926 1418.2579 30 35.1327 30.1018 41.3794 45.0003 49.0027 53.4295 58.3283 63.7524 69.7608 76.4194 40 49.3752 550819 61.6100 69.0876 776633 87.5095 98.6265 111.8467 126.8.398 1441189 1640477 211.609 279 7810 18.2919 486.8518 65.069112 unting/spiceland_int_9e/images/pva_of_1.jpg TABLE4 Present Value of an Ordinary Annuity of $1 1-17 PVA 45% NI 1.0% 1.5% 2.04 2.5% 3.0 3.5% 4.0% 5.0% 5.5% 6.0 70% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 10.99010 0.98522 0.98039 0.97561 0.97087 0.96619 0.96154 0.95694 0.05239 0.94787 0.94340 0.93458 0.92593 0.01743 0.00000 0.00090 0.89286 0.83333 2 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88509 1,87267 1.45941 1.842 182339 180002 1.78326 1.75911 1.73554 1.71252 1.60005 1.52778 3 2.94099 2.01220 2.88388 2.85602 282861 280164 2.77509 2.74896 2.72.125 2.60793 2.67201 262432 257710 2.53129 2.48605 2.44371 2.40183 2.10648 4 3.90197 3.85430 3.80773 3.76197 3.71710 3.67308362990 3.58753 354595 50515 9:46511 3.38721 3.31213 323972 3.16987 2.10245 3.03735 2.58873 5 4.85343 4.78264 4.71346 4.64583 4.57971 4.51505 4.45182 4.38998 4.3294 27028 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 2.99061 6 5.79548 5.60210 5.60143 5.50813 5.41719 532855524214 $150 20541782 4.76654 4.62288448592 4.35526 423054 411141 2.22551 76.72819 6.59821 6A7199 6.34939 623028 6.11454 600205 210 5.7037 207 S2025.20637 5.03295 4.42 4.71220 456376 3.60459 8 7.85168 7.48593 7.32548 7470147.01909 6.07396 6.73214 655 6402633457 6.29 5.07130 5.764 5.53482 5.3393 6.146124.46764 3.01716 O 3.56602 8.36052 8.16224 7.07087 7.70611 780760 743531 679.107322066152362460 5.69525 5.75002 5.53705 5.32825 403007 10 9.47130 9.22218 8.99259 8.75206 8.53020 8.31661 811000 11001272 72 3600 702058 7100 6.41746 61445 581923 565022 4.1917 11 10.763 10.07112 9.78685951421 9.25262 0.00155 0.76012830641254 70687 7.4966213 60519 6.49506 620452 5037704.32706 12 11.25508 10.90751 10.57534 10.25776 9.95400 9.46333 $3256186284 750 7.16073 6.81340 6.49236 6.19437 4.47922 13 12.13374 11.73153 11.34837 10.98319 1043496 10.30274 285 20170765 7.90078748100 7.10336 624087642355 4.512 14 13.00370 12.54338 12.10625 11.69091 11.29607 1092052 1056312 1022 0.2064 065 0.2998 3.74547 224 7.73615 7 6 6.00187 642817 4.61057 15 13.86505 13.34323 12.84926 12.38138 11.93704 11.51741 11.116.10 10.73955 10.37056 10,02758 971225 1071855948 8.00 7.60608 7100876.81036 467547 16 14.71787 14.13126 13.57771 13.05500 1256110 12001121145230112140 10.83777 1046216 10.10094645 285137 0.31256 7.82371737016 697309 4.72056 17 15.56225 14.90765 14 29187 13.71220 13.16612 12.6512 12 165671170719 11 27407 10.86461 10.47726 9.74122 0.12164054363 862155 7.54879 7.11 4.77463 18 16.39827 15.67256 14.99203 1435936 13.75351 13.10968 1265950 12 15000 11.68950 1124607 10.20 10.05.200 0.371898.75563 8.20141 7.701627.97 4.81219 19 17.22601 16 42617 15.67846 14.97889 140 13.7098413.13304 12.59329 12.08532 11.60745 11.15812 10:33560 38.95011 1492 7.3092975794.84350 2018.04555 17.16864 16.35143 1558016 14877471421240 13.510931100794 12 46221 11.05030 1148092 10.50401 1815 0.12855 356 333 748.95 21 18.85 17.90014 17.01121 16.18455 15.41502 14.8979 14.00916 13.40472 12.62115 12.27524 11.76408 10.82553 10.016800.29224 8 2.67507 256200 400132 25 22.02316 20.71961 19.52345 18.42438 17.41515 16.48151 15.6220 14.82121 14.09394 13.4119 12.78336 11.6558 10.67478 0.02258 077040174701440470 30 25 30771 24.01554 22:36 20 93029 19.60044 10:34205 17.29203 162189 15.7245 14.53375 1376483 12.04 1125778 10.27365 40 32.83460 29.91505 2735548 25.10278 23.11477 2135507 19.79277 18.40158 17.15909 16.04612 15.04610133171 11.041 10 91050360 V 1 TABLE 3 Future Value of an Ordinary Annuity of $1 FVA - A - +1 n/ 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5 & ON 7.0% 0.0% 9.0 10.0 11.0% 12.03 20.0% 1.0000 1.0000 1.000 1.0000 10000 10000 1.0000 1.0000 1.0000 10000 1.0000 10000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0100 2.0150 2.0200 2.0250 20300 2.0350 2.0400 20450 2.0500 2.0550 2.0600 20700 2.0800 2.0900 21000 2.1109 21200 2.2000 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 3.1270 3.1525 3.1680 21836 3.2149 3.2464 3.2781 33100 3.3421 3.3744 3.6400 4 4.0604 4.0909 4.1216 4.1525 4.1836 4.2149 42465 4.2782 4.3101 4.3423 43746 4,4399 4.5061 45231 4.4410 4.7097 4.7793 5.3680 5 5.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 5.4707 5.5256 5.5811 5.6371 5.7502 5.8466 5.0847 6.1051 6.2278 63520 7.4416 6 6.1520 6.2296 6.3081 6,3877 6.4684 6.5502 6.6330 6.7169 6.8010 6.8881 69753 7.1533 7.3359 7.5233 7.7156 7.9129 8.1152 9.9209 7 7.2135 7.3230 7.4343 7.5474 766257.7794 7.8983 8.0192 8.1420 8.2669 8.3930 86540 8.9220 9.2004 9.4872 9.7033 10.0800 12.0159 8 8.2857 8.4328 8.5830 8.73618.8923 9.05179.2142 93800 5401 9.7216 9.8975 10.250 10.6166 11.0285 11.4350 11.8594 12.2007 16.4991 9 9.3685 9.5593 9.7546 9.9545 10.1591 10.3685 10.5828 10.8021 11.0266 1126 11.4013 41.0780 12.4876 13.0210 13.5705 14.1640 14.7757 20.7989 10 10.4622 10.7027 10.9497 11.2034 11 4839 11.7314 12.0061 12.2012 12.5770 12.8754 11800 1.8164 14.4866 15.1929 15.9374 16.7220 17.5487 25.9587 11 11.5668 11.8633 12.1687 12.4835 12.0078 13.1420 13.4864 18.8412142058 14.835 140718 15.7836 16.6455 17.5603 18.5312 19.5614 206546 32.1504 156 15 21 16856 16800 1700S 227132 241331 10.0771 201407 21.3843 12 12.6825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 39 5805 18.4066 17.1590177139 16.286 182120.1405 21.4953 22.95 24.5227 26.2116 28.0291 13 13.8093 14.2368 14.6803 15.1404 15.6178 16.1130 16.6268 50.1059 14 14.9474 15.4504 15.9739 16.5190 17.0863 17.6770 10.2919 18.0921 19.86 20.2026 21.0151 22 5505 21.2149 260192 27.975030.0949 32.3926 72.0351 15 16.0969 16,6621 17.2934 17.9319185989 19.2957 20.0236 20.7841 21.578 22.4087 27 2760 25.1290 27.1521 29.360931.7725 34.4054 37 2797 35.0097 39.1899427533 87.4421 16 17.2579 17.9324 18.6393 19.3802 20.1560 20.0210 21.8245 22.7193 23.6575 216411 25.6725 27.098303243 33.0034 30 340232.750236.9737 40.567 og 4 37 105.0306 17 18.4304 10.2014 20.0121 20.8647 21.7616 02.7050 23.976 24.7417 25.5404 26.9964 282129 45.5092 50.3059 55.7497 128. 1167 268551 28.1324 29.4812 30.9057 33.099037.4502 41.3013 18 19.6147 20.4894 21.4123 2233 234144 24.4997 25 5454 29.0636 20 5390 22.1097 33.7600 37 3790 41.4463 460185 51.1591 56.999561.497 1547400 19 20 8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 40995545.7620 51.1601 57 2750 64200872.052 1860 20 22.0190 23.1237 24 2974 25.5447 26.0704 28.2797 29.7781 31.3714 33,0660348683 36.756 30.9927 44.16520.022956.764540025 72.25181.60872275056 21 23.2392 24.4705 25.7833 27.1833 26 6765 50 2005 21.969233,783135.7193 377861 66.4383 72 4355 0.05) 044608 113.222 136.375 164100 100.000 13127 1181.16 30 34 7849 37 5387 40.5681 43.9027 47 5754 51 6227 56084961.0071 40 4864 54 2679 60.4020 67.4026 75.4013 04.5503 95.6255 107.0300 120.7998 136 6056 154.7620 199.6351 250.0565 0724 42526 51.261 7624 7 CIV OP OSPED MY w 1.0% 1.5% 2.0% 2.5% 2.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.04 11.0% 12.04 20.05 1 0.99010 0.98522 0.980.39 0.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.04787 0.94340 0.03458 0.92593 0.91743 0.90909 0.00090 0.39286 2 0.98030 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.01573 0.00703 0.89845 0.19000 0.87344 085734 0.84168 0.0245 0.81162 0.79710 0.82330 3 0.97050 0.95632 0.94232 0.02060 0.01514 0.90194 0.81900 0.87630 0.36784 0.05161 0.87062 0.81630 07901 0.77218 0.75131 073119 071178 0.4444 40.96098 0.94210 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.10270 0.90722 0.79200 0.7620073503 0.70843 030 0.45873 0.62552 0.57870 048225 5 095147 0.92026 0.90573 0.88385 036261 0.84197 0.82193 0.80245 0.70353 076513 074726 071209 061058 0.64903 062002 0.50345 056743 dd 6 094205 0.01454 08870708420 0,83748 0.81350 0.79031 076790 422 072 070406 066 06.2017 050627 0.64 0.54 0.50m 7 0.91272 090102 0.87056 084127 0.81309 0.78590 0.75002 0.2 071 0744 0.42275 OSMO 0.5403 0.51316 0.48166 0.45235 0.2790 092340 009771 0.0510 0.02075 0.78041 0.75041 073069 0510 0.62/41 50201 4027 0.0187 046651 0.00 021257 9 0.91434 0.87459 0.03676 0.00073 0.76542 0.73373 0.70959 067200 OM 00163 0.40 00 0.4043 042410 0.32092 0.001 ar 10 0.90529 0.167 0.82035 0.78120 0.74400 0.70192 067556 0.8459340.0 0.40919 042241 0.38554 0.35218 0.22107 016151 11 0.09632 0.84893 0.00426 076214 0.72242 065495 0.6 0.6 0.47500 0.4268 38753 035019 0.31223 0.22748 1459 12 0.88745 0.36 OTRO 074356 0.7013 046704240 O 400 0.0001 0.39711 025552 031830.28584 0 2 011218 13 0.8786 0.82403 78 072542 0.68095 0.63040 600 20.41603618 0.20966 0.257510.2017 0034 14 0.86996 0.81105 0.77 070773 06611204177905774 07 0.0006 0.22 0.23 0.23190 0.2040 DOT 15 0.86135 0.79995 074101 0.0047 044106 05 041004122 03194 27454 021900-200000.10270 0049 16 0.05262 076003 072545 0.67442 2317057671 091 42458.6.2012 0.25187 021763 0.188.29014312 17 0.84433 0.77639 0.71416 45720 060502 0.55720 130 140 A 71 72107 0.1970.16063 0.14564 18 0.02 0.76401 0.70016 044117 058733304034 DANA SAMA MO 295 000 100 0.70 0102 0.13004 19 082774 0.75361 066 0.62552 05229 026 0.47464 47300,2705.2017 0.14 0.16350117011611 20081054 0.74247 0.67207 0.61027 0057 0.4 0410540131180 00 00 0.11 0.10387 21 081143 0.73150 016978 0.5059 955 0.45 0.70 9.5240 0.2916 024151 0.10 0.1610 0.125 0.0256 0.15701260 0101530.08170 24 078757 09054 062172 491036470602007700007 2008 019715 1402011570007361 25 077977 4892 0.60053 050 425159120.2350 233 0.7300 010 25 044 045910 57437 0 0410540157 0.250 0.72032 013 01040011591 000.000 29 0744 0.4 0.54311 075 100202 0.24295 02116 015 014056 0103 0.0021540 20 0.14192 0.66 207 0.4764 0.41190 2 700 0 0 20044017011111 000 000 31 07058 050 541250 46511 03 646 5500-22036 0.190110100000001000000 4006715 0.15 0.65290343 062 2017103014205 0.11 0.09722000158 107 OPOO LOSPOO 95COD