On January 1, 2016, Jones Technology, Incorporated issued 2 $800,000 of $1,000 par value, 5%, six-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2016. The market rate of interest for similar non-convertible bonds on the date of the bond issue was 14%. However, because these bonds are convertible, the effective rate is 12%. Each bond is convertible into 40 shares of Jones Technology's $1 par value common stock. 3 (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of (Click the icon to view the Future Value of $1 table.) 5 (Click the icon to view the Future Value of an an Ordinary Annuity table.) (Click the icon to view Ordinary Annuity table.) 7 (Click the icon to view the Future Value of an Annuity Due table.) the Present Value of Read the requirements'. an Annuity Due table.) Requirement a. Determine the issue price of the debt. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answers to the nearest whole dollar.) The issue price of the debt is $ Requirement b. Prepare the amortization table for the bond issue through January 1, 2019, assuming that Jones Technology uses the effective interest rate method of amortization. (Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table.) Cash Effective Discount/Premium Carrying Date Interest nterest Amortized Value January 1, 2016 July 1, 2016 January 1, 2017 July 1, 2017 January 1, 2018 July 1, 2018 January 1, 2019 Requirement c. Prepare the journal entry when Jones Technology issued the bonds. (Record debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations.) Account January 1, 2016 (1) (2) (3) (4) Requirement d. Prepare the journal entry to record the first interest payment. (Record debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations.) Account July 1, 2016 (5) (6) (7) (8) Requirement e. The bonds converted on January 1, 2019. Prepare the journal entry to record the bond conversion. (Record debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations.) Account January 1, 2019 (9) (10) (11) (12) 1: Requirements . Determine the issue price of the debt. b. Prepare the amortization table for the bond issue through January 1, 2019, assuming that Jones Technology uses the effective interest rate method of amortization. c. Prepare the journal entry when Jones Technology issued the bonds. d. Prepare the journal entry to record the first interest payment. e. The bonds converted on January 1, 2019. Prepare the journal entry to record the bond conversion. 2: Future Value of $1 Future Value of $1 Periods 1% | 1.01000|1.020001.03000| 1.04000| 1.05000| 1.06000| 1.07000| 1.08000| 1.09000| 1.10000| 1.11000| 1.12000| 1.02010 1.040401.06090 1.08160 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.03030 1.061211.09273 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.04060 1.082431.12551 1.16986 1.21551 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 1.05101 1.104081.15927 1.21665 1.27628 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 1.14000 1.29960 1.48154 15% 1 1.13000 1.15000 2 1.27690 1.44290 1.63047 1.32250 3 1.52088 4 1.68896 1.74901 1.84244 1.92541 2.01136 1.06152 1.126161.19405 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 1.07214 1.148691.22987 1.31593 1.40710 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 1.08286 1.171661.26677 1.36857 1.47746 1.59385 1.71819 1.85093 1.99256 2.14359 2.30454 2.47596 1.09369 1.195091.30477 1.42331 1.55133 1.68948 1.83846 1.99900 2.17189 2.35795 2.55804 2.77308 1.10462 1.218991.34392 1.48024 1.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.10585 2.08195 2.19497 2.31306 7 2.50227 2.85259 2.35261 2.66002 8 2.65844 3.05902 9 3.00404 3.25195 3.51788 10 3.39457 3.70722 4.04556 1.11567 1.243371.38423 1.53945 1.71034 1.89830 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 1.12683 1.268241.42576 1.60103 1.79586 2.01220 2.25219 2.51817 2.81266 3.13843 3.49845 3.89598 1.13809 1.293611.46853 1.66507 1.88565 2.13293 2.40985 2.71962 3.06580 3.45227 3.88328 4.36349 1.14947 1.319481.51259 1.73168 1.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.88711 1.16097 1.345871.55797 1.80094 2.07893 2.39656 2.75903 3.17217 3.64248 4.17725 4.78459 5.47357 11 3.83586 4.22623 4.65239 12 4.33452 4.81790 5.35025 13 4.89801 5.49241 6.15279 14 5.53475 6.26135 7.07571 15 6.25427 7.13794 8.13706 1.17258 1.37279 1.60471 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 1.18430 1.400241.65285 1.94790 2.29202 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 1.19615 1.428251.70243 2.02582 2.40662 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 19 1.20811 1.45681 1.75351 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 20 1.22019 1.48595 1.80611 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 16 8.13725 9.27646 10.57517 12.05569 13.74349 7.06733 9.35762 17 7.98608 9.02427 10.76126 18 12.37545 10.19742 11.52309 14.23177 9.64629 16.36654 1.28243 1.640612.09378 2.66584 3.38635 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 21.23054 26.46192 1.34785 1.811362.42726 3.24340 4.32194 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 1.41660 1.999892.81386 3.94609 5.51602 7.68609 10.67658 14.78534 20.41397 28.10244 38.57485 52.79962 72.06851 1.48886 2.208043.26204 4.80102 7.03999 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 132.78155 188.88351 267.86355 1.56481 2.437853.78160 5.84118 8.98501 13.7646121.00245 31.92045 48.32729 72.89048 109.53024 163.98760 244.64140 363.67907 538.76927 1.64463 2.691594.38391 7.10668|11.46740 18.42015 29.45703 46.90161 74.35752117.39085 184.56483 289.00219 450.73593 700.23299 1,083.65744 1.81670 3.281035.89160 10.51963|18.67919 32.98769 57.94643101.25706 176.03129 304.48164 524.05724 897.59693 1,530.053472,595.918664,383.99875 1% 25 32.91895 30 39.11590 50.95016 98.10018 133.17552 66.21177 35 40 45 50 60 Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 3: Present Value of $1 Present Value of $1 1% 0.99010 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86957 0.1 0.98030 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.78315 0.76947 0.75614 0. 0.97059 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 0.65752 0. 0.96098 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.! 0.95147 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.4 Periods 2% 3% 4% 5% 7% 8% 10% 11% 12% 13% 14% 15% 1 2 3 4 0.94205 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.48032 0.45559 0.43233 0. 0.93272 0.87056 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.42506 0.39964 0.37594 0. 0.92348 0.85349 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.37616 0.35056 0.32690 0.: 0.91434 0.83676 0.76642 0.70259 0.64461 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.33288 0.30751 0.28426 0.: 0.90529 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.29459 0.26974 0.24718 0.: 8 10 0.89632 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.26070 0.23662 0.21494 0. 0.88745 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.23071 0.20756 0.18691 0. 0.87866 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.20416 0.18207 0.16253 0. 0.86996 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.18068 0.15971 0.14133 0. 0.86135 0.74301 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.15989 0.14010 0.12289 0. 11 12 13 14 15 0.85282 0.72845 0.62317 0.53391 0.45811 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.14150 0.12289 0.10686 0. 0.84438 0.71416 0.60502 0.51337 0.43630 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.12522 0.10780 0.09293 0. 0.83602 0.70016 0.58739 0.49363 0.41552 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.11081 0.09456 0.08081 0. 0.82774 0.68643 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 0.0 0.81954 0.67297 0.55368 0.45639 0.37689 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.08678 0.07276 0.06110 0. 16 17 18 19 20 0.77977 0.60953 0.47761 0.37512 0.29530 0.23300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0.0 0.74192 0.55207 0.41199 0.30832 0.23138 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.02557 0.01963 0.01510 0.1 0.70591 0.50003 0.35538 0.25342 0.18129 0.13011 0.09366 0.06763 0.04899 0.03558 0.02592 0.01894 0.01388 0.01019 0.00751 0.1 0.67165 0.45289 0.30656 0.20829 0.14205 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00753 0.00529 0.00373 0.1 0.63905 0.41020 0.26444 0.17120 0.11130 0.07265 0.04761 0.03133 0.02069 0.01372 0.00913 0.00610 0.00409 0.00275 0.00186 0.1 0.60804 0.37153 0.22811 0.14071 0.08720 0.05429 0.03395 0.02132 0.01345 0.00852 0.00542 0.00346 0.00222 0.00143 0.00092 0.0 0.55045 0.30478 0.16973 0.09506 0.05354 0.03031 0.01726 0.00988 0.00568 0.00328 0.00191 0.00111 0.00065 0.00039 0.00023 0.0 1% 25 30 35 40 45 50 60 Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 4: Future Value of an Ordinary Annuity Future Value of an Ordinary Annuity Periods 1% 1.00000 1.00000 1.00000 1.00000 1.00000| 1.00000 1.00000 2.01000 2.02000 2.03000 2.04000 2.05000 2.06000 2.07000 3.03010 3.06040 3.09090 3.12160 3.15250 3.18360 3.21490 4.06040 4.12161 4.18363 4.24646 4.31013 4.37462 4.43994 5.10101 5.20404 5.30914 5.41632 5.52563 5.63709 5.75074 2% 3% 4% 5% 6% 7% 8% 9% 11% 1.00000 1.00000 2.11000 2.12000 3.34210 3.37440 10% 12% 13% 1.00000 2.13000 3.40690 4.84980 6.48027 1.00000 1.00000| 2.10000 3.31000 4.64100 1.00000 2.08000 3.24640 2.09000 3 3.27810 4.57313 4 4.50611 4.70973 4.77933 5.86660 5.98471 6.10510 6.22780 6.35285 6.15202 6.30812 6.46841 6.63298 6.80191 6.97532 7.15329 7.21354 7.43428 7.66246 7.89829 8.14201 8.39384 8.65402 8.28567 8.58297 8.89234 9.21423 9.54911 9.89747 10.25980 9.36853 9.75463 10.15911 10.58280 11.02656| 11.49132 11.97799 10.46221 10.94972 11.46388 12.00611 12.57789 13.18079 13.81645 6 7.52333 9.20043 11.02847 13.02104 15.19293 7.33593 7.71561 7.91286 8.11519 8.32271 7 8.92280 10.63663 12.48756 14.48656 9.48717 11.43589 13.57948 15.93742 16.72201 10.08901 12.29969 14.77566 17.54874 10.40466 12.75726 9.78327 11.85943 9 14.16397 15.41571 18.41975 10 11.56683 12.16872 12.80780 13.48635 14.20679 14.97164 15.78360 12 12.68250 13.41209 14.19203 15.02581 15.91713 16.86994 17.88845 13.80933 14.68033 15.61779 16.62684 17.71298 18.88214 20.14064 14.94742 15.97394 17.08632 18.29191 19.59863 21.01507 22.55049 24.21492 16.09690 17.29342 18.59891 20.02359 21.57856 23.27597 25.12902 11 16.64549 18.97713 21.49530 17.56029 18.53117 20.14072 21.38428 20.65458 22.71319 24.13313 26.21164 19.56143 21.81432 25.65018 13 22.95338 29.98470 34.88271 40.41746 24.52271 28.02911 14 26.01919 27.97498 30.09492 29.36092 31.77248 32.39260 15 27.15211 34.40536 37.27971 16 17.25786 18.63929 20.15688 21.82453 23.65749 25.67253 27.88805 18.43044 20.01207 21.76159 23.69751 25.84037 28.21288 30.84022 33.75023 19.61475 21.41231 23.41444 25.64541 28.13238 30.90565 33.99903 19 20.81090 22.84056 25.11687 27.67123 30.53900 33.75999 37.37896 22.01900 24.29737 26.87037 29.77808 33.06595 36.78559 40.99549 45.76196 51.16012 57.27500 30.32428 33.00340 36.97370 41.30134 45.59917 46.01846 35.94973 39.18995 40.54470 42.75328 48.88367 46.67173 53.73906 61.72514 ! 17 44.50084 18 37.45024 41.44626 50.39594 55.74971 51.15909 63.43968 72.05244 56.93949 70.74941 20 64.20283 80.94683 25 28.24320 32.03030 36.45926 41.64591 47.72710 54.86451 63.24904 30 34.78489 40.56808 47.57542 56.08494 66.43885 79.05819 94.46079 113.28321 136.30754 164.49402 199.02088 241.33268 41.66028 49.99448 60.46208 73.65222 90.32031111.43478|138.23688 172.31680 215.71075 271.02437 341.58955 431.66350 48.88637 60.40198 75.40126 95.02552 120.79977 154.76197 199.63511 259.05652 337.88245 442.59256 581.82607 767.09142 1,013.70424 1,3 45 56.48107 71.89271 92.71986 121.02939 159.70016212.74351 285.74931 386.50562 525.85873 718.90484 986.63856 1,358.23003 1,874.16463 2,5! 64.46318 84.57940112.79687 152.66708 209.34800 290.33590406.52893 573.77016 815.08356 1,163.908531,668.77115 2,400.01825 3,459.50712 4,9! 81.66967 114.05154 163.05344 237.99069 353.58372533.12818813.520381,253.213301,944.792133,034.816404,755.065847,471.64111 11,761.9497918,5: 1% 73.10594 84.70090 98.34706 114.41331 133.33387 155.61956 11 293.19922 3! 35 546.68082 6! 40 50 60 Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 5: Present Value of an Ordinary Annuity Present Value of an Ordinary Annuity 1% 0.99010 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86957 0. 1.97040 1.94156 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.66810 1.64666 1.62571 1. 2.94099 2.88388 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2.40183 2.36115 2.32163 2.28323 2. 3.90197 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16987 3.10245 3.03735 2.97447 2.91371 2.85498 2. 4.85343 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.51723 3.43308 3.35216 3. Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 2 3 4 5 5.79548 5.60143 5.41719 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.99755 3.88867 3.78448 3. 6.72819 6.47199 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.42261 4.28830 4.16042 4. 7.65168 7.32548 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.79877 4.63886 4.48732 4. 8.56602 8.16224 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 5.13166 4.94637 4.77158 4. 9.47130 8.98259 8.53020 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.42624 5.21612 5.01877 4. 6 7 8 10 10.36763 9.78685 9.25262 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.68694 5.45273 5.23371 5. 11.25508 10.57534 9.95400 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.91765 5.66029 5.42062 5. 12.13374 11.34837 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 6.12181 5.84236 5.58315 5. 13.00370 12.10625 11.29607 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 6.30249 6.00207 5.72448 5. 13.86505 12.84926 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 6.46238 6.14217 5.84737 5. 11 12 13 14 15 14.71787 13.57771 12.56110 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 6.60388 6.26506 5.95423 5. 612 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.72909 6.37286 6.04716 5. 16.39827 14.99203 13.75351 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.83991 6.46742 6.12797 5. 17.22601 15.67846 14.32380 13.13394 12.08532 11.15812 10.33560 9.60360 8.95011 8.36492 7.83929 7.36578 6.93797 6.55037 6.19823 5. 18.04555 16.35143 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 7.02475 6.62313 6.25933 5. 16 17 15.56225 14.29187 13. 18 19 20 22.02316 19.52346 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 7.32998 6.87293 6.46415 6. 25.80771 22.39646 19.60044 17.29203 15.37245 13.76483 12.40904|11.25778 10.27365 9.42691 8.69379 8.05518 7.49565 7.00266 6.56598 6. 29.40858 24.99862 21.48722 18.66461 16.37419 14.49825 12.94767 11.65457 10.56682 9.64416 8.85524 8.17550 7.58557 7.07005 6.61661 6. 32.83469 27.35548| 23.11477|19.79277| 17.15909| 15.04630 13.33171|11.92461 10.75736| 9.77905 8.95105 8.24378 7.63438 7.10504 6.64178| 6. 25 30 35 40 36.09451 29.49016 24.51871 20.72004 17.77407 15.45583 13.60552 12.10840 10.88120 9.86281 9.00791 8.28252 7.66086 7.12322 6.65429 6. 39.19612 31.42361 25.72976 21.48218 18.25593 15.76186 13.80075 12.23348 10.96168 9.91481 9.04165 8.30450 7.67524 7.13266 6.66051 6. 44.95504 34.76089 27.67556 22.62349 18.92929 16.16143 14.03918 12.37655 11.04799 9.96716 9.07356 8.32405 7.68728 7.14011 6.66515 6. 1% 45 50 60 Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 6: Future Value of an Annuity Due Future Value of an Annuity Due Periods 1% 1.01000 1.02000 1.03000 1.04000 1.05000 1.06000 2.03010 2.06040 2.09090 2.12160 2.15250 2.18360 2.21490 3.06040 3.12161 3.18363 3.24646 3.31013 3.37462 3.43994 4.10101 4.20404 4.30914 4.41632 5.15202 5.30812 5.46841 5.63298 5.80191 5.97532 6.15329 2% 3% 4% 5% 6% 7% 8% 9% 11% 10% 1.10000 2.31000 3.64100 5.10510 12% 1.12000 2.37440 3.77933 5.35285 7.11519 13% 1.13000 2.40690 1.07000 1.08000 1.09000 1.11000 2.34210 3.70973 5.22780 6.91286 2 2.24640 3.50611 4.86660 6.33593 2.27810 3.57313 3 3.84980 4 4.52563 4.63709 4.75074 4.98471 5.48027 6.52333 6.71561 7.32271 6.21354 6.43428 6.66246 6.89829 7.14201 7.39384 7.65402 7.28567 7.58297 7.89234 8.21423 8.54911 8.89747 9.25980 8.36853 8.75463 9.15911 9.58280 10.02656 10.49132 10.97799 9.46221 9.94972 10.46388 11.00611 11.57789 12.18079 12.81645 10 10.56683 11.16872 11.80780 12.48635 13.20679 13.97164 14.78360 8.20043 10.02847 8.78327 10.43589 10.85943 13.16397 15.72201 18.56143 7.92280 9.08901 11.29969 13.77566 16.54874 19.65458 9.40466 11.75726 8.48717 7 9.63663 11.48756 13.48656 15.64549 8 12.02104 14.19293 16.56029 12.57948 14.93742 17.53117 14.41571 9 17.41975 20.81432 11.68250 12.41209 13.19203 14.02581 14.91713 15.86994 16.88845 12 12.80933 13.68033 14.61779 15.62684 16.71298 17.88214 19.14064 13 13.94742 14.97394 16.08632 17.29191 18.59863 20.01507 21.55049 14 15.09690 16.29342 17.59891 19.02359 20.57856 22.27597 24.12902 15 16.25786 17.63929 19.15688 20.82453 22.65749 24.67253 26.88805 11 17.97713 20.49530 23.21492 19.14072 20.38428 21.71319 23.13313 21.95338 23.52271 25.01919 26.97498 25.21164 27.02911 29.09492 24.65018 28.98470 31.39260 33.40536 36.27971 38.18995 41.75328 33.88271 28.36092 32.00340 30.77248 34.94973 26.1521 39.41746 45.67173 29.32428 16 17.43044 19.01207 20.76159 22.69751 24.84037 27.21288 29.84022 18.61475 20.41231 22.41444 24.64541 27.13238 29.90565 32.99903 19.81090 21.84056 24.11687 26.67123 29.53900 32.75999 36.37896 19 21.01900 23.29737 25.87037 28.77808] 32.06595 35.78559| 39,99549 20 22.23919 24.78332 27.67649 30.96920 34.71925 38.99273 43.86518 32.75023 36.45024 40.44626 44.76196 49.42292 35.97370 40.30134 45.01846 50.16012 55.76453 63.00250 39.54470 43.50084 52.73906 60.72514 47.88367 17 44.59917 49.39594 50.15909 55.93949 56.27500 63.20283 54.74971 18 62.43968 69.74941 71.05244 79.94683 91.46992 71.26514 80.69874 11 25 28.52563 32.67091 37.55304 43.31174 50.11345 58.15638 67.67647 30 35.13274 41.37944 49.00268 58.32834 69.76079 83.80168101.07304 122.34587 148.57522 180.94342 220.91317 270.29261 35 42.07688 50.99437 62.27594 76.59831 94.83632 118.12087147.91346 186.10215 235.12472 298.12681 379.16441 483.46312 40 49.37524 61.61002 77.66330 98.82654 126.83976 164.04768 213.60957 279.78104 368.29187 486.85181 645.82693 859.14239 1,145.48579 1,5: 45 57.04589 73.33056 95.50146 125.87057 167.68516225.50812305.75176 417.42607 573.18602 790.795321,095.16880 1,521.21764 2,117.80603 2,9! 65.10781 86.27099 116.18077 158.77377 219.81540307.75606 434.98595 619.67177 888.44108 1,280.29938 1,852.335982,688.02044 3,909.24304 5,6! 60 82.48637|116.33257 167.94504247.51031371.26290565.11587870.466811,353.470362,119.823423,338.298035,278.12308 8,368.23805 13,291.0032721,1: Periods 78.95442 92.32398 108.18177 126.99877 149.33393 175.85010 21 331.31511 41 617.74933 79 50 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 7: Present Value of an Annuity Due Present Value of an Annuity Due Periods 2% 1% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1. 1.99010 1.98039 1.97087 1.96154 1.95238 1.94340 1.93458 1.92593 1.91743 1.90909 1.90090 1.89286 1.88496 1.87719 1.86957 1. 2.97040 2.94156 2.91347 2.88609 2.85941 2.83339 2.80802 2.78326 2.75911 2.73554 2.71252 2.69005 2.66810 2.64666 2.62571 2. 3.94099 3.88388 3.82861 3.77509 3.72325 3.67301 3.62432 3.57710 3.53129 3.48685 3.44371 3.40183 3.36115 3.32163 3.28323 3. 4.90197 4.80773 4.71710 4.62990 4.54595 4.46511 4.38721 4.31213 4.23972 4.16987 4.10245 4.03735 3.97447 3.91371 3.85498 3. 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 2 3 4 5.85343 5.71346 5.57971 5.45182 5.32948 5.21236 5.10020 4.99271 4.88965 4.79079 4.69590 4.60478 4.51723 4.43308 4.35216 4. 6.79548 6.60143 6.41719 6.24214 6.07569 5.91732 5.76654 5.62288 5.48592 5.35526 5.23054 5.11141 4.99755 4.88867 4.78448 4. 7.72819 7.47199 7.23028 7.00205 6.78637 6.58238 6.38929 6.20637 6.03295 5.86842 5.71220 5.56376 5.42261 5.28830 5.16042 5. 8.65168 8.32548 8.01969 7.73274 7.46321 7.20979 6.97130 6.74664 6.53482 6.33493 6.14612 5.96764 5.79877 5.63886 5.48732 5. 9.56602 9.16224 8.78611 8.43533 8.10782 7.80169 7.51523 7.24689 6.99525 6.75902 6.53705 6.32825 6.13166 5.94637 5.77158 5. 6 7 8 10 10.47130 9.98259 9.53020 9.11090 8.72173 8.36009 8.02358 7.71008 7.41766 7.14457 6.88923 6.65022 6.42624 6.21612 6.01877 5. 11.36763 10.78685 10.25262 9.76048 9.30641 8.88687 8.49867 8.13896 7.80519 7.49506 7.20652 6.93770 6.68694 6.45273 6.23371 6. 12.25508 11.57534 10.95400 10.38507 9.86325 9.38384 8.94269 8.53608 8.16073 7.81369 7.49236 7.19437 6.91765 6.66029 6.42062 6. 13.13374 12.34837 11.63496 10.98565 10.39357 9.85268 9.35765 8.90378 8.48690 8.10336 7.74987 7.42355 7.12181 6.84236 6.58315 6. 14.00370 13.10625 12.29607 11.56312 10.89864 10.29498 9.74547 9.24424 8.78615 8.36669 7.98187 7.62817 7.30249 7.00207 6.72448 6. 11 12 13 14 15 14.86505 13.84926 12.93794 12.11839 11.37966 10.71225 10.10791 9.55948 9.06069 8.60608 8.19087 7.81086 7.46238 7.14217 6.84737 6. 15.71787 14.57771 13.56110 12.65230 11.83777 11.10590 10.44665 9.85137 9.31256 8.82371 8.37916 7.97399 7.60388 7.26506 6.95423 6. 16.56225 15.29187 14.16612 13.16567 12.27407 11.47726 10.76322 10.12164 9.54363 9.02155 8.54879 8.11963 7.72909 7.37286 7.04716 6. 17.39827 15.99203 14.75351 13.65930 12.68959 11.82760 11.05909 10.37189 9.75563 9.20141 8.70162 8.24967 7.83991 7.46742 7.12797 6. 18.22601 16.67846 15.32380 14.13394 13.08532 12.15812 11.33560 10.60360 9.95011 9.36492 8.83929 8.36578 7.93797 7.55037 7.19823 6. 16 17 18 19 20 22.24339 19.91393 17.93554 16.24696 14.79864 13.55036 12.46933 11.52876 10.70661 9.98474 9.34814 8.78432 8.28288 7.83514 7.43377 7. 26.06579| 22.84438 20.18845 17.98371 16.14107 14.59072| 13.27767| 12.15841 11.19828| 10.36961 9.65011 9.02181 8.47009 7.98304 7.55088 7. 25 30 29.70267 25.49859 22.13184 19.41120 17.19290 15.36814 13.85401 12.58693 11.51784 10.60857 9.82932 9.15656 8.57170 8.05985 7.60910 7. 33.16303 27,90259 23.80822 20.58448 18.01704 15.94907 14.26493 12.87858 11.72552 10.75696 9.93567 9.23303 8.62684 8.09975 7.63805 7. 36.45545 30.07996 25.25427 21.54884 18.66277 16.38318 14.55791 13.07707 11.86051 10.84909 9.99878 9.27642 8.65678 8.12047 7.65244 7. 39.58808 32.05208 26.50166 22.34147 19.16872 16.70757 14.76680 13.21216 11.94823 10.90630 10.03624 9.30104 8.67302 8.13123 7.65959 7. 45.40459 35.45610| 28,50583 23.52843 19.87575 17.13111| 15.02192 13.36668| 12.04231| 10.96387 10.07165 9.32294 8.68663 8.13972 7.66492 7. 35 40 45 50 60 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15%