Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help I really cant figure this out! exhibit 8: exhibit 10: Present Value of $1 at Compound Interest EXHIBIT Periods 4% 42% 5% 5,496
Please help I really cant figure this out!
Present Value of $1 at Compound Interest EXHIBIT Periods 4% 42% 5% 5,496 6% 6,4% 7% 10% 11% 12% 13% 0.96154 095694 0.95238 0.94787 094340 093897 093458 0.90909 0.90090 089286 088496 20.92456 091573 0.90703 0.89845 089000 088166 0.87344 0.82645 0.81162 079719 078315 3 0.88900 0.87630 0.86384 0.85161 083962 082785 0.81630 075131 0.73119 0.71178 06930s 0.85480 083856 0.82270 0.80722 079209 0.77732 0.76290 068301 065873 0.63552 061332 5 0.82193 0.80245 078353 0.76513 074726 0.72988 071299 062092 059345 0.56743 054276 6 0.79031 076790 0.74622 0.72525 070496 068533 0.66634 056447 053464 050663 0.48032 70.75992 073483 071068 0.68744 066506 064351 0.62275 051316 048166 045235 0.42506 0.73069 0.70319 0.67684 065160 0.62741 060423 0.58201 046651 043393 040388 037616 90.70259 067290 0.64461 061763 059190 056735 0.54393 042410 0.39092 0.36061 033288 0.67556 064393 061391 058543 055839 053273 0.50835 038554 035218 032197 029459 10 EXHIBIT 10 Present Value of an Annuity of $1 at Compound Interest Periods 4% 4% 5% sia% 6% 6% 7% 10% 11% 12% 13% 0.96154 0.95694 0.95238 094787 094340 0.93897 0.93458 0.90909 0.90090 9286 0.88496 2 1.88609 187267 1.85941 1.84632 183339 182063 180802 173554 1.71252 169005 166810 3 2.77509 2.74896 272325 269793 2.67301 264848 262432 248685 244371 2.40183 2.36115 3.58753 3.54595 3sosis 346511 3.42s80 3.38721 3.16987 3.10245 303735 297447 5 445182 4.38998 4.32948 4.27028421236 4.15568 4.10020 379079 3.69590 3.60478 3.51723 6 5.24214 515787 5.07569 4.99553 491732 4.84101 476654 435526 423054 411141 3.99755 600205 5.89270 5.78637 5.68297 558238 5.48452 5.38929 486842 4.71220 456376 442261 8 6.73274 659589 646321 6.33457 6.20979 608875 5.97130 5.33493 5.14612 496764 4.79677 43533 7.268797.10782 6.95220 680169 665610 651523 $75902 553705 532825 5.13166 8.11090 791272 7.72173 7.53763 736009 7.18883 7.02358 614457 5.88923 5.65022 542624 4362990 6 524214 10 Compute Bond Proceeds, Amortizing Premium by Interest Method, and Interest Expense Ware Co produces and sels motorcycle parts On the first day of its fiscal year, Ware Co. Issued $70,000,000 of four-year, 14% bonds at a market (efflective) interest rate of 12s%, with interest payable semiannually Compute the following The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit s and Exhibit 10. Round to the nearest dollar. b. The amount of premium to be amortized for the first semiannual interest payment period, using the interest methed. Round to the nearest deiar. c. The amount of premium to be amortized for the second semiannual interest payment period, using the interest methed. Round to the nearest dollar d. The amount of the bond interest expense for the irst year, Round to the nearest dellar ( p PreviousNext exhibit 8:
exhibit 10:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started