Present Value of $1 at Compound Interest EXHIBIT 8 Periods 4% 4496 5% 5% 6% 6% 7% 10% 11% 12% 13% 1 0.96154 0.95694 0.95238 0.94787 0.94340 093897 0.93458 0.90909 0.90090 0.89286 0.88496 0.92456 0.91573 0.90703 0.89845 0.89000 088166 0.87344 0.82645 0.81162 0.79719 078315 0.88900 0.87630 0.86384 0.85161 0.83962 082785 0.81630 0.75131 0.73119 0.71178 0.69305 4 0.85480 0.83856 0.82270 0.80722 0.79209 0.77732 0.76290 0.68301 065873 0.63552 0.61332 5 0.82193 0.80245 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 059345 0.56743 054276 6 0.79031 0.76790 0.74622 0.72525 0.70496 0.68533 0.66634 0.56447 053464 0.50663 0.48032 70.75992 073483 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 045235 0.42506 8 0.73069 0.70319 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 040388 037616 9 0.70259 0.67290 0.64461 061763 059190 056735 0.54393 0.42410 039092 0.36061 0.33288 10 0.67556 064393 0.6139 058543 055839 053273 0.50835 0.38554 0.35218 0.32197 029459 EXHIBIT 10 Present Value of an Annuity of $1 at Compound Interest Periods 41496 5% 5% 6% 6,496 7% 10% 11% 12% 13% 4% 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 O89286 083495 1.88609 1.87267 1.85941 1.84632 183339 1.82063 1.80802 1.73554 .71 252 :6500 ,6681 3 2.77509 2.74896 2.72325 2.69793 2.6730 2.64848 262432 2.48685 2.44371 2.40183 2.36115 3.62990 3.58753 3.54595 3.50515 346511 3.42580 3.38721 3.16987 3.10245 3.03735 2.97447 4 5 4.45182 4.38998 432948 4.27028 421236 4.15568 4 410020 379079 3.69590 3.60478 351723 6 5.24214 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 435526 4.23054 411 3.99755 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 486842 4.71220 4.56376 442261 8 6.73274 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 533493 5.14612 4.96764 4.79677 9 743533 7.26879 7.10782 6.95220 6.80169 6.65610 6.51523 5.75902 553705 5.32825 5.13166 8.11090 7.91272 7.72173 7.53763 7.36009 7.18883 7.02358 6.14457 5.88923 5.65022 5.42624 Present Value of Bonds Payable; Premium Moss Co. issued $101,000 of four-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 9% Determine the present value of the bonds payable, using the present value tables in Exhibit 8 and Exhibit 10. Note: Round to the nearest dollar