On January 1, a company agrees to pay $15,000 in nine years. If the annual interest rate is 6%, determine how much cash the company can borrow with this agreement. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Future Value		Table Factor		Amount Borrowed
$15,000		1.3382	=

Tom Thompson expects to invest $16,000 at 6% and, at the end of a certain period, receive $36,174. How many years will it be before Thompson receives the payment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Future Value		Present Value		Table Factor	Years
			=			years

Bill Padley expects to invest $14,000 for 6 years, after which he wants to receive $21,009.80. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Mark Welsch deposits $8,000 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $8,000 plus earned interest must remain in the account 1 years before it can be withdrawn. How much money will be in the account at the end of 1 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Spiller Corporation plans to issue 10%, 7-year, $590,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue?