Prentice Lid. was authorized to issue $5,250,000 of 10-year, 6% bonds payable on 1 August 20X2. The bonds are due on 31 July 2012. Interest payments dates were 31 July and 31 January. The bond was sold to yield 8%. (PV of $1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the proceeds from issuance. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Proceeds from issuance 2. Calculate the proceeds from issuance if the yield rate is 5% and the bond is issued on 1 August 20X4, still with a maturity date of 31 July 2012. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Proceeds from issuance 3. Calculate the proceeds from issuance if the yield rate is 8%, and the bond is issued between interest dates, on 1 October 20X2, still with a maturity date of 31 July 2012. Exclude accrued interest. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Proceeds from issuanceTABLE I-1: Present value of 1: (P/F, i, n) P/F = (1 +i)" 2% 2.5% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 14% 15% 0.98039 0.97561 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.87719 0.86957 0.96117 0.95181 0.94260 0.92456 0. 907 03 0.89000 0.87344 0.85734 0.84168 0.82645 0.81 162 0.79719 0.76947 0.75614 0.94232 0.92860 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.67497 0.65752 0.92385 0.90595 0.88849 0.85480 0.82270 0. 79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.59208 0.57175 0.90573 0.88385 0.86261 0.82193 0. 78353 0. 74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.51937 0.49718 0.88797 0.86230 0.83748 0.79031 0. 74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.455 59 0.43233 0.87056 0.84127 0.81309 0.75992 0. 71068 0. 66506 0.62275 0.58349 0.54703 0.5 13 16 0.48166 0.45235 0.39964 0.37594 0.85349 0.82075 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.35056 0.32690 0.83676 0.80073 0.76642 0.70259 0. 64461 0. 59190 0.54393 0.50025 0.46043 0.424 10 0.39092 0.36061 0.30751 0.28426 0.82035 0.78120 0.74409 0.675 56 0. 61391 0. 55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.26974 0.24718 11 0.80426 0.76214 0.72242 0.64958 0. 58468 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.23662 0.21494 0.78849 0.74356 0.70138 0.62460 0. 55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.20756 0.18691 13 0.77303 0.72542 0.68095 0.60057 0. 53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.18207 0.16253 14 0.75788 0.707 73 0.661 12 0.57748 0.50507 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.15971 0.14133 15 0.74301 0.69047 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.14010 0.12289 16 0.72845 0.67362 0.623 17 0.53391 0.45811 0. 39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.12289 0. 10686 17 0.71416 0.65720 0.60502 0.51337 0.43630 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.10780 0.09293 18 0.70016 0.641 17 0.58739 0.49363 0. 41552 0. 35034 0.29586 0.25025 0.21199 0.17986 0. 15282 0. 13004 0.09456 0.08081 19 0.68643 0.62553 0.57029 0.47464 0.39573 0. 33051 0.27651 0.23 171 0.19149 0. 16351 0. 13768 0.1 1611 0.08295 0.07027 20 0.67297 0.61027 0.55368 0.45639 0.37689 0.31 180 0.25842 0.21455 0.17843 0.14864 0. 12403 0.10367 0.07276 0.061 10 21 0.65978 0.59539 0.53755 0.43883 0. 35894 0.29416 0.24151 0.19866 0.16370 0. 135 13 0.11 174 0.09256 0.06383 0.053 13 22 0.64684 0.58086 0.52189 0.42196 0.34185 0. 27 751 0.22571 0. 18394 0.15018 : 0.12285 0. 10067 0.08264 0.05599 0.04620 0.63416 0.56670 0.50669 0.40573 0. 32557 0.26180 0.21095 0.17032 0.13778 0. 1 1168 0.09069 0.07379 0.04911 0.04017 24 0.62172 0.55288 0.49193 0.390 12 0. 31007 0. 24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.04308 0.03493 25 0.60953 0.53939 0.47761 0.37512 0.29530 0.23300 0.18425 0.14602 0.1 1597 0.09230 0.07361 0.05832 0.037 79 0.03038 26 0.59758 0.52623 0.46369 0.36069 0.28124 0.21981 0.17220 0.13520 0.10639 0.08391 0.06631 0.05252 0.03315 0.02642 0.58586 0.513 0.45019 0.34682 0.26785 0.20737 0.16093 0.12519 0.09761 0.07628 0.05974 0.04689 0.02908 0.02297 28 0.57437 0.50088 0.43708 0.33348 0. 25509 0. 19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.02551 0.01997 29 0.56311 0.48866 0.42435 0.32065 0. 24295 0. 18456 0.14056 0.10733 0.08215 0.06304 0.048490 0.03738 0.02237 0.01737 30 0.55207 0.47674 0.41199 0.30832 0.23138 0. 17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.01963 0.01510 31 0.54 125 0.46511 0.39999 0.29646 0. 22036 0. 16425 0.12277 0.09202 0.06915 0.05210 0.03935 0.02980 0.01722 0.013 13 32 0.53063 0.45377 0.38834 0.28506 0. 20987 0. 15496 0.11474 0.08520 0.06344 0.04736 0.03545 0.02661 0.01510 0.01142 33 0.52023 0.44270 0.37703 0.27409 0. 19987 0. 14619 0.10723 0.07889 0.05820 0.04306 0.03 194 0.02376 0.01325 0.00993 34 0.51003 0.43191 0.36604 0.26355 0. 19035 0. 13791 0. 10022 0.07305 0.05339 0.03914 0.02878 0.02121 0.01162 0.00864 36 0.50003 0.42137 0.35538 0.25342 0. 18129 0. 1301 1 0.09366 0.06763 0.04899 0.03558 0.02592 0.01894 0.01019 0.00751 36 0.49022 0.41109 0.34503 0.24367 0. 17266 0. 12274 0.08754 0.06262 0.04494 0.03235 0.02335 0.01691 0.00894 0.00653 37 0.48061 0.401 07 0.33498 0.23430 0. 16444 0.11579 0.08181 0.05799 0.04123 0.02941 0.02104 0.01510 0.00784 0.00568 38 0.47119 0.39128 0.32523 0.22529 0. 15661 0. 10924 0.07646 0.05369 0.03783 0.02673 0.01896 0.01348 0.00688 0.00494 39 0.46195 0.38174 0.31575 0.21662 0. 14915 0.10306 0.071460 0.04971 0.03470 0.02430 0.01708 0.01204 0.00604 0.00429 40 0.45289 0.37243 0.30656 0.20829 0. 14205 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00529 0.00373 45 0.41020 0.32917 0.26444 0.17120 0. 11130 0.07265 0.04761 0.03133 0.02069 0.01372 0.00913 0.00610 0.00275 0.00186 50 0.37153 0.29094 0.22811 0.14071 0. 087 20 0.05429 0.03395 0.02132 0.01345 0.00852 0.00542 0.00346 0.00143 0.00092TABLE I-2: Present value of an ordinary annuity of n payments of 1: (P/A, i, n) (1 +i)" P/A = 2% 2.5% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 14% 15% 0.98039 0.97561 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.87719 0.86957 1.94156 1.92742 1.91347 1.88609 1.85941 1.83339 1.80802 1. 78326 1.75911 1.73554 1.71252 1.69005 1.64666 1.62571 2.88388 2.85602 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2.40183 2.32163 2.28323 3.80773 3.76197 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16987 3.10245 3.03735 2.91371 2.85498 4.71346 4.64583 4.57971 4.45182 4.32948 4.21236 4.10020 3. 99271 3.88965 3.79079 3.69590 3.60478 3.43308 3.35216 5.60143 5.50813 5.41719 5.24214 5.07569 4.91732 4.76654 4. 62288 4.48592 4.35526 4.23054 4.11 141 3.88867 3.78448 6.47199 6.34939 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.28830 4.16042 7.32548 7.17014 7.01969 6.73274 6.46321 6.20979 5.97130 5. 74664 5.53482 5.33493 5.14612 4.96764 4.63886 4.48732 8.16224 7.97087 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.94637 4.77158 10 8.98259 8.75206 8.53020 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.21612 5.01877 11 9.78685 9.51421 9. 25262 8.76048 8.30641 7.88687 7.49867 7. 13896 6.80519 6.49506 6.20652 5.93770 5.45273 5.23371 12 10.57534 10.25776 9. 954 00 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.66029 5.42062 13 11.34837 10.98318 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.84236 5.58315 14 12.10625 11.69091 11.29607 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 6.00207 5.72448 15 12.84926 12.38138 11.93794 11.11839 10.37966 9. 71225 9.10791 8.55948 8.06069 7.60608 7. 19087 6.81086 6.14217 5.84737 16 13.57771 13.05500 12.56110 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 6.26506 5.95423 17 14.29187 13.71220 13.16612 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.37286 6.04716 18 14.99203 14.35336 13.75351 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6 6.46742 6.12797 19 15.67846 14.97889 14.32380 13.13394 12.08532 11.15812 10.33560 9.60360 8.95011 8.36492 7.83929 7.36578 6.55037 6.19823 20 16.35143 15.58916 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.62313 6.25933 21 17.01121 16.18455 15.41502 14.02916 12.82115 11.76408 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 6.68696 6.31246 22 17.65805 16.76541 15.93692 14.45112 13. 16300 12.04158 11.06124 10.20074 9.44243 8.77154 8.17574 7.64465 6.74294 6.35866 23 18.29220 17.33211 16.44361 14.85684 13.48857 12.30338 11.27219 10.37106 9.58021 8.88322 8.26643 7.71843 6.79206 6.39834 24 18.91393 17.88499 16.93554 15.24696 13.79864 12.55036 11.46933 10.52876 9.70661 8.98474 8.34814 7.78432 6.83514 6.43377 25 19.52346 18.42438 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 6.87293 6.46415 26 20.12104 18.95061 17.87684 15.98277 14.37519 13.00317 11.82578 10.80998 9.92897 9.16095 8.48806 7.89566 6.90608 6.49056 27 20.70690 19.46401 18.32703 16.32959 14.64303 13.21053 11.98671 10.93516 10.02658 9.23722 8.54780 7.94255 6.93515 6.51353 28 21.28127 19.96489 18.76411 16.66306 14.89813 13.40616 12.13711 11.05108 10.11613 9.30657 8.60162 7.98442 6.96066 6.53351 29 21.84438 20.45355 19.18845 16.98371 15.14107 13.59072 12.27767 11.15841 10.19828 9.36961 8.65011 8.02181 6.98304 6.55088 30 22.39646 20.93029 19.60044 17.29203 15.37245 13.76483 12.40904 11.25778 10.27365 9.42691 8.69379 8.05518 7.00266 6.56598 31 22.93770 21.39541 20.00043 17.58849 15.59281 13.92909 12.53181 11.34980 10.34280 9.47901 8.73315 8.08499 7.01988 6.57911 32 23.46833 21.84918 20.38877 17.87355 15.80268 14.08404 12.64656 11.43500 10.40624 9.52638 8.76860 8.11159 7.03498 6.59053 33 23.98856 22.29188 20.76579 18.14765 16.00255 14.23023 12.75379 11.51389 10.46444 9.56943 8.80054 8.13535 7.04823 6.60046 34 24.49859 22.72379 21.13184 18.41120 16.19290 14.36814 12.85401 11.58693 10.51784 9.60857 8.82932 8.15656 7.05985 6.60910 35 24.99862 23.14516 21.48722 18.66461 16.37419 14.49825 12.94767 11.65457 10.56682 9.64416 8.85524 8.17550 7.07005 6. 6.61661 36 25.48884 23.55625 21.83225 18.90828 16.54685 14.62099 13.03521 11.71719 10.61176 9.67651 8.87859 8.19241 7 7.07899 6.62314 37 25.96945 23.95732 22.16724 19.14258 16.71129 14.73678 13.11702 11.77518 10.65299 9.70592 8.89963 8.20751 7.08683 6.62881 38 26.44064 24.34860 22.49246 19.36786 16.86789 14.84602 13.19347 11.82887 10.69082 9.73265 8.91859 8.22099 7.09371 6.63375 39 26.90259 24.73034 22.80822 19.58448 17.01704 14.94907 13.26493 11.87858 10.72552 9.75696 8.93567 8.23303 7.09975 6.63805 40 27.35548 25.10278 23.11477 19.79277 17. 15909 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 7.10504 6.64178 45 29.49016 26.83302 24.51871 20.72004 17.77407 15.45583 13.60552 12.10840 10.88120 9.86281 9.00791 8.28252 7.12322 6.65429 50 31.42361 1 28.36231 25.72976 21.48218 18.25593 15.76186 13.80075 12.23348 10.96168 9.91481 9.04165 8.30450 7.13266 6.66051TABLE 1-3: Present value of an annu'ltj.r due of 1: payments of 1: (WAD, i, n) 1 WAD = n 2'34: 1 1.00000 2 1.98039 3 2.94155 4 3.88388 5 4.80??3 5 5.?1345 ? 5.50143 8 ?.4?199 9 8.32548 10 9.15224 11 9.98259 12 0.?8585 13 11.5?534 14 .2.3483? 15 .310525 15 .384925 1? 4.5???1 18 5.2918? 19 15.99203 20 5.5?845 21 _?.35143 22 18.01121 23 .8.55805 24 .929220 25 19.91393 25 20.52345 2? 21.12104 28 21.?0590 29 22.2812? 30 22.84438 31 23.39545 32 23.93??0 33 24.45833 34 24.98855 35 25.49859 35 25.99852 3? 25.48884 38 25.95945 39 2?.44054 40 2?.90259 45 30.0?995 50 32.05208 1 _ (1 +11\" 2.591: 1.00000 1.9?551 2.92?42 3.85502 4.?519? 5.54583 5.50813 ?.34939 8.1?014 8.9?08? 9.?5205 10.51421 11.25??5 11.98318 12.59091 13.38138 14.05500 14.?1220 15.35335 15.9?889 15.58915 1?.18455 1?.?5541 18.33211 18.88499 19.42438 19.95051 20.45401 20.95489 21.45355 21.93029 22.39541 22.84918 23.29188 23.?23?9 24.14515 24.55525 24.95?32 25.34850 25.?3034 2?.50385 29. 0? 1 3? x {1 +1} 33: 4'34 1.00000 1.00000 1.91031 1.95154 2.91341 2.33509 3.32351 3.11509 4.11110 4.52990 5.51911 5.45132 5.41119 5.24214 1.23023 1.00205 3.01959 1.13214 3.13511 3.43533 9.53020 9.11090 10.25252 9.15043 10.95400 10.3850? 11.53495 -093555 12.29501 -1.55312 12.93194 -211339 13.55110 2.55230 14.15512 3.15551 14.?5351 13.55930 15.32330 4.13394 15.31141 -4.59033 15.41502 15.02915 15.93592 -5.45112 11.44351 -535534 11.93554 15.24595 13.41315 15.52203 13.31534 5.93211 19.32103 1.32959 19.15411 -1.55305 20.13345 .1.93311 20.50044 -329203 21.00043 13.53349 21.33311 3.31355 21.15519 19.14155 22.13134 9.41120 22.43122 .9.55451 22.33225 9.90323 23.15124 20.14253 23.49245 20.35135 23.30322 20.53443 25.25421 21.54334 25.50155 22.34141 5'35 1.00000 1.95238 2.85941 3.?2325 4.54595 5.32948 5.0?559 5.?853? ?.45321 8.10?82 8.?21?3 9.30541 9.85325 10.3935? 10.89854 11.3?955 11.83??? 12.2?40? 12.58959 13.08532 13.45221 13.82115 14.15300 14.4885? 14.?9854 15.09394 15.3?519 15.54303 15.89813 15.1410? 15.3?245 15.59281 15.80258 1?.00255 1?.19290 1?.3?419 1?.54585 1?.?1129 1?.85?89 18.01?04 18.552?? 19.158?2 5'31: 1.00000 1.94340 2.83339 3.5?301 4.45511 5.21235 5.91?32 5.58238 ?.209?9 ?.80159 8.35009 8.8858? 9.38384 9.85258 10.29498 10.?1225 11.10590 11.4??25 11.82?50 12.15812 12.45992 12.?5408 13.04158 13.30338 13.55035 13.?8335 14.0031? 14.21053 14.40515 14.590?2 14.?5483 14.92909 15.08404 15.23023 15.35814 15.49825 15.52099 15.?35?8 15.84502 15.9490? 15.38318 15.?0?5? ?'34: 1. 00 000 1. 93458 2.80802 3.52432 4.38 ?21 5.10020 5.?5554 5.38929 5.9?130 ?.51523 8.02358 8.4985? 8.94259 9.35?55 9.?454? -0.10?91 0.44555 0.?5322 11.05909 1.33550 _ 1.59401 11.83553 -2.05124 -2.2?219 12.45933 12.55358 2.825?8 2.985?1 -3.13?11 -3.2??5? -3.40904 13.53181 3.54555 13.?53?9 3.85401 -3.94?5? 4.03521 -4.11?02 -4.1934? 14.25493 14.55?91 14.?5580 8'35 1.00000 1.92593 2.?8325 3.5??10 4.31213 4.992?1 5.52288 5.2053? 5.?4554 ?.24589 ?.?1008 8.13895 8.53508 8.903?8 9.24424 9.55948 9.8513? 10.12154 10.3?189 10.50350 10.81815 11.01580 11.200?4 11.3?105 11.528?5 11.5?4?8 11.80998 11.93515 12.05108 12.15841 12.25??8 12.34980 12.43500 12.51389 12.58593 12.5545? 12.?1?19 12.??518 12.8288? 12.8?858 13.0??0? 13.21215 9'31: 1.00000 1.91?43 2.?5911 3.53129 4.239?2 4.88955 5.48592 5.03295 5.53482 5.99525 ?.41?55 ?.80519 8.150?3 8.48590 8.?8515 9.05059 9.31255 9.54353 9.?5553 9.95011 10.12855 10.29224 10.44243 10.58021 10.?0551 10.82258 10.9289? 11.02558 11.11513 11.19828 11.2?355 11.34280 11.40524 11.45444 11.51?84 11.55582 11.511?5 11.55299 11.59082 11.?2552 11.85051 11.94823 10% 11% 1.00000 1.00000 1.90909 1.90090 2.?3554 2.?1252 3.48585 3.443?1 4.1598? 4.10245 4.?90?9 4.59590 5.35525 5.23054 5.85842 5.?1220 5.33493 5.14512 5.?5902 5.53?05 ?. 1445? 5.88923 ?.49505 ?.20552 ?.81359 ?.49235 8.10335 ?.?498? 8.35559 ?.9818? 8.50508 8.1908? 8.823?1 8.3?915 9.02155 8.548?9 9.20141 8.?0152 9.35492 8.83929 9.51355 8.95333 9.54859 9.0?50? 9.??154 9.1?5?4 9.88322 9.25543 9.984?4 9.34814 10.0??04 9.421?4 10.15095 9.48805 10.23?22 9.54?80 10.3055? 9.50152 10.35951 9.55011 10.42591 9.593?9 10.4?901 9.?3315 10.52538 9.?5850 10.55943 9.80054 10.5085? 9.82932 10.54415 9.85524 10.5?551 9.8?859 10.?0592 9.89953 10.?3255 9.91859 10.?5595 9.9355? 10.84909 9.998?8 10905301003524 1295 1.00000 1.89285 2.59005 3.40183 4.03?35 4.504?8 5.11141 5.553?5 5.95?54 5.32825 5.55022 5.93??0 ?.1943? ?.42355 ?.5281? ?.81085 ?.9?399 8.11953 8.2495? 8.355?8 8.45944 8.55200 8.54455 8.?1843 8.?8432 8.84314 8.89555 8.94255 8.98442 9.02181 9.05518 9.08499 9.11159 9.13535 9.15555 9.1?550 9.19241 9.20?51 9.22099 9.23303 9. 2?542 9.30104 1411': 1.00000 1.8??19 2.54555 3.32153 3.913?1 4.43308 4.8885? 5.28830 5.53885 5.9453? 5.21512 5.452?3 5.55029 5.84235 ?.0020? ?.1421? ?.25505 ?.3?285 ?.45?42 ?.5503? ?.52313 ?.58595 ?.?4294 ?.?9205 ?.83514 ?.8?293 ?.90508 ?.93515 ?.95055 ?.98304 8.00255 8.01988 8.03498 8.04823 8.05985 8.0?005 8.0?899 8.08583 8.093?1 8.099?5 8.1204? 8.13123 1511': 1.00000 1.8595? 2.525?1 3.28323 3.85498 4.35215 4.?8448 5.15042 5.48?32 5.??158 5018?? 5233?] 5.42052 5.58315 5.?2448 5.84?3? 5.95423 ?.04?15 ?.12?9? ?.19823 ?.25933 ?.31245 ?.35855 ?.39884 ?.433?? ?.45415 ?.49055 ?.51353 ?.53351 ?.55088 ?.55598 ?.5?911 ?.59053 ?.50045 ?.50910 ?.51551 ?.52314 ?.52881 ?.533?5 ?.53805 ?.55244 ?.55959