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Please help me with this! Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present
Please help me with this!
Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Determine the present value of six-year bonds payable with face value of $87,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 14% annually $ 87,000 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 16%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 16% annually Enter any number in the edit fields and then click Check Answer. - Requirements 1. Determine the present value of six-year bonds payable with face value of $87,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. 2. Same bonds payable as in Requirement 1, but the market interest rate is 16%. 3. Same bonds payable as in Requirement 1, but the market interest rate is 10%. Print Done Present Value of $1 4% Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 0.990 0.980 0.980 0.961 0.971 0.942 0.961 0.924 0.951 0.906 3% 5% 0.971 0.962 0.952 0.943 0.925 0.907 0.915 0.889 0.864 0.888 0.855 0.823 0.863 0.822 0.784 6% 0.943 0.890 0.840 0.792 0.747 7% 0.935 0.873 0.816 0.763 0.713 8% 0.926 0.857 0.794 0.735 0.681 9% 10% 12% 0.917 0.909 0.893 0.8420.826 0.797 0.772 0.751 0.712 0.708 0.683 0.636 0.650 0.621 0.567 14% 15% 0.877 0.870 0.769 0.756 0.675 0.658 0.592 0.572 0.519 0.497 16% 18% 20% 0.862 0.847 0.833 0.743 0.7180.694 0.641 0.609 0.579 0.5520.516 0.482 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 Period 9 0.914 0.837 0.766 0.703 0.6450.592 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.666 0.623 0.582 0.544 0.508 0.630 0.583 0.540 0.500 0.463 0.596 0.564 0.507 0.547 0.513 0.452 0.502 0.467 0.404 0.460 0.424 0.361 0.422 0.386 0.322 0.456 0.432 0.400 0.376 0.351 0.327 0.308 0.284 0.270 0.247 0.410 0.370 0.335 0.354 0.314 0.279 0.305 0.266 0.233 0.263 0.225 0.194 0.227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 Period 12 0.887 0.788 0.701 0.625 0.557 Period 13 10.879 0.773 0.681 | 0.601 | 0.530 0.527 0.497 0.469 0.475 0.444 0.415 0.429 0.397 0.368 0.388 0.350 0.287 0.356 0.319 0.257 0.326 0.290 | 0.229 0.237 0.215 0.208 0.187 0.182 | 0.163 0.195 0.162 0.135 0.168 0.137 0.112 0.145 0.116 0.093 Future Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 6% 7% 1.050 1.060 1.070 1.103 1.1241.145 1.1581.191 1.225 1.216 1.262 1.311 1.276 1.338 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 10% 1.090 1.100 1.1881.210 1.295 | 1.331 1.412 1.464 1.539 1.611 12% 14% 15% 1.120 1.140 1.150 1.254 1.300 1.323 1.405 1.482 1.521 1.574 1.689 1.749 1.762 1.925 2.011 Period 6 Period 7 Period 8 Period 9 Period 10 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.501 1.606 1.718 1.838 1.967 1.587 1.677 1.772 1.714 1.828 1.949 1.851 1.993 2.144 1.999 2.172 2.358 2.159 2.367 2.594 1.974 2.195 2.313 2.211 2.502 2.660 2.476 2.853 3.059 2.773 3.252 3.518 3.106 3.707 4.046 Period 11 Period 12 Period 13 1.116 1.127 1.138 1.243 1.268 1.294 1.384 1.426 1.469 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.665 | 1.886 2.133 | 2.410 | 2.720 | 3.066 3.452 | 4.363 5.492 | 6.153 Present Value of Ordinary Annuity of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 0.990 0.980 1.970 1.942 2.941 2.884 3.902 3.808 4.853 4.713 3% 0.971 1.913 2.829 3.717 4.580 4% 5% 6% 7% 0.962 0.952 0.943 0.935 1.886 1.859 1.833 1.808 2.775 2.723 2.673 2.624 3.630 3.546 3.465 3.387 4.452 4.329 4.212 4.100 8% 9% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 | 2.487 3.312 3.240 3.170 3.993 3.890 3.791 12% 14% 0.893 0.877 1.690 1.647 2.402 2.322 3.037 2.914 3.605 3.433 15% 0.870 1.626 2.283 2.855 3.352 16% 0.862 1.605 2.246 2.798 3.274 18% 20% 0.847 0.833 1.566 1.528 2.174 2.106 2.690 2.589 3.127 2.991 Period 6 Period 7 Period 8 Period 9 Period 10 5.795 6.728 7.652 8.566 9.471 5.601 6.472 7.325 8.162 8.983 5.417 6.230 7.020 7.786 8.530 5.242 5.076 4.917 4.767 6.002 5.786 5.582 5.389 6.733 6.463 6.210 5.971 7.435 | 7.108 6.802 6.515 8.111 7.722 7.360 7.024 4.623 4.486 4.355 5.206 5.033 4.868 5.747 5.535 5.335 6.247 5.995 5.759 6.710 6.418 6.145 4.111 3.889 4.564 4.288 4.968 4.639 5.328 4.946 5.650 5.216 3.784 4.160 4.487 4.772 5.019 3.685 4.039 4.344 4.607 4.833 3.498 3.326 3.812 3.605 4.078 3.837 4.303 4.031 4.494 4.192 Period 11 Period 12 Period 13 10.368 9.787 9.253 8.760 11.255 10.575 | 9.954 9.385 12.134 | 11.348 10.635 | 9.986 8.306 7.887 7.499 8.863 8.384 7.943 9.394 | 8.853 8.358 7.139 6.805 6.495 5.938 7.536 7.1616.814 6.194 7.904 | 7.487 | 7.103 6.424 5.453 5.234 5.660 5.421 5.842 / 5.583 5.029 5.197 5.342 4.656 4.327 4.793 4.439 4.910 4.533 Future Value of Ordinary Annuity of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 3% 4% 5% 1.000 1.000 1.000 1.000 1.000 2.010 2.0202.030 2.040 2.050 3.0303.060 3.091 3.122 3.153 4.060 4.122 4.184 4.246 4.310 5.101 5.204 5.309 5.416 5.526 6% 1.000 2.060 3.184 4.375 5.637 7% 8% 9% 10% 1.000 1.000 1.000 1.000 2.070 2.080 2.090 2.100 3.215 3.246 3.278 3.310 4.440 4.506 4.573 4.641 5.751 5.867 5.9856.105 12% 1.000 2.120 3.374 4.779 6.353 14% 15% 1.000 1.000 2.140 2.150 3.440 3.473 4.921 4.993 6.610 6.742 Period 6 Period 7 Period 8 Period 9 Period 10 6.152 6.308 6.468 6.633 6.802 7.214 7.434 7.662 7.898 8.142 8.286 8.583 8.892 9.214 9.549 9.369 9.755 10.16 10.58 11.03 10.46 10.95 11.46 12.01 12.58 6.975 7.153 7.336 | 7.523 7.716 8.394 8.654 8.9239.200 9.487 9.897 10.260 10.64 11.03 11.44 11.49 11.98 12.49 | 13.02 13.58 13.18 13.82 14.49 15.1915.94 8.115 10.09 12.30 14.78 17.55 8.536 10.73 13.23 16.09 19.34 8.754 11.07 13.73 16.79 20.30 Period 11 Period 12 Period 13 11.57 12.17 | 12.8113.49 14.21 14.97 12.68 13.41 14.19 15.03 15.9216.87 13.81 | 14.68 | 15.62 | 16.63 | 17.71 18.88 15.78 16.65 | 17.56 18.53 20.65 | 23.04 24.35 17.89 18.98 20.14 21.38 24.13 27.27 29.00 20.14 | 21.50 22.95 | 24.52 | 28.03 | 32.09 34.35Step by Step Solution
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