Present Value of $1, p = 1/(1 + i)" Periods 1.5% 1.75% 2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 1 2 0.9852 0.9828 0.9804 0.9780 0.9756 0.9732 0.9709 0.9685 0.9662 0.9707 0.9659 0.9612 0.9565 0.9518 0.9472 0.9426 0.9380 0.9335 3 4 0.9563 0.9493 0.9423 0.9354 0.9286 0.921$ 0.9151 0.9085 0.9019 0.9422 0.9330 0.9238 0.9148 0.9060 0.8972 0.8885 0.8799 0.8714 5 6 7 S 9 10 11 12 13 14 15 16 17 0.9283 0.9169 0.9057 0.8947 0.8839 0.8732 0.8626 0.8522 0.8420 0.9145 0.9011 0.8880 0.8750 0.8623 0.8498 0.8375 0.8254 0.8135 0.9010 0.8856 0.8706 0.8558 0.8413 0.8270 0.8131 0.7994 0.7860 0.8877 0.8704 0.8535 0.8369 0.8207 0.8049 0.7894 0.7742 0.7594 0.8746 0.8554 0.8368 0.8185 0.8007 0.7834 0.7664 0.7499 0.7337 0.8617 0.8407 0.8203 0.8005 0.7812 0.7624 0.7441 0.7263 0.7089 0.8489 0.8263 0.8043 0.7829 0.7621 0.7420 0.7224 0.7034 0.6849 0.8364 0.8121 0.7885 0.7657 0.7436 0.7221 0.7014 0.6813 0.6618 0.8240 0.7981 0.7730 0.7488 0.7254 0.7028 0.6810 0.6598 0.6394 0.8118 0.7844 0.7579 0.7323 0.7077 0.6840 0.6611 0.6391 0.6178 0.7999 0.7709 0.7430 0.7162 0.6905 0.6657 0.6419 0.6189 0.5969 0.7880 0.7576 0.7284 0.7005 0.6736 0.6479 0.6232 0.5995 0.5767 0.7764 0.7446 0.7142 0.6851 0.6572 0.6305 0.6050 0.5806 0.5572 0.7649 0.7318 0.7002 0.6700 0.6412 0.6137 0.5874 0.5623 0.5384 19 0.7536 0.7192 0.6864 0.6552 0.6255 0.5972 0.5703 0.5446 0.5202 18 20 30 0.7425 0.7068 0.6730 0.6408 0.6103 0.5813 0.5537 0.5275 0.5026 0.6398 0.5942 0.5521 0.5130 0.4767 0.4431 0.4120 0.3831 0.3563 40 0.5513 0.4996 0.4529 0.4106 0.3724 0.3379 0.3066 0.2782 0.2526 50 0.4750 0.4200 0.3715 0.3287 0.2909 0.2576 0.2281 0.2021 0.1791 Periods 3.75% 4% 4.5% 5% 6% 796 8% 9% 10% 0.9639 0.9615 0.9569 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 1 2 3 0.9290 0.9246 0.9157 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.8954 0.8890 0.8763 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 4 5 0.8631 0.8548 0.8386 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.8319 0.8219 0.8025 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 6 0.8018 0.7903 0.7679 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 7 0.7728 0.7599 0.7348 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 9 0.7449 0.7307 0.7032 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.7180 0.7026 0.6729 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 10 0.6920 0.6756 0.6439 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 11 12 13 0.6670 0.6496 0.6162 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 0.6429 0.6246 0.5897 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.6197 0.6006 0.5643 0.5303 0.4688 0.4150 0.3677 0.3262 0.2897 14 0.5973 0.5775 0.5400 0.5051 0.4423 0.3878 0.3405 0.2992 0.2633 0.5757 0.5553 0.5167 0.4810 0.4173 0.3624 0.3152 0.2745 0.2394 16 0.5549 0.5339 0.4945 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 15 17 18 222 0.5348 0.5134 0.4732 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.5155 0.4936 0.4528 0.4155 0.3503 0.2959 0.2502 0.2120 0.1799 19 0.4969 0.4746 0.4333 0.3957 0.3305 0.2765 0.2317 0.1945 0.1635 20 0.4789 0.4564 0.4146 0.3769 0.3118 0.2584 0.2145 0.1784 0.1486 30 0.3314 0.3083 0.2670 0.2314 0.1741 0.1314 0.0994 0.0754 0.0573 40 0.2293 0.2083 0.1719 0.1420 0.0972 0.0668 0.0460 0.0318 0.0221 50 0.1587 0.1407 0.1107 0.0872 0.0543 0.0339 0.0213 0.0134 0.0085 Present Value of Annuity of $1, p=[1-1/(1+ Periods 1.5% 1.75% 2.25% 1 2 29 2.5% 2.75% 39 3.25% 3.5% 0.9852 0.9828 0.9804 0.9780 0.9756 0.9732 0.9709 0.9685 0.9662 1.9559 1.9487 1.9416 1.9345 1.9274 1.9204 1.9135 1.9066 1.8997 3 4 5 6 7 $ 9 10 11 12 2.9122 2.8980 2.8839 2.8699 2.8560 2.8423 2.8286 2.8151 2.8016 3.8544 3.8309 3.8077 3.7847 3.7620 3.7394 3.7171 3.6950 3.6731 4.7826 4.7479 4.7135 4.6795 4.6458 4.6126 4.5797 4.5472 4.5151 5.6972 5.6490 5.6014 5.5545 5.5081 5.4624 5.4172 5.3726 5.3286 6.5982 6.5346 6.4720 6.4102 6.3494 6.2894 6.2303 6.1720 6.1145 7.4859 7.4051 7.3255 7.2472 7.1701 7.0943 7.0197 6.9462 6.8740 8.3605 8.2605 8.1622 8.0657 7.9709 7.8777 7.7861 7.6961 7.6077 9.2222 9.1012 8.9826 8.8662 8.7521 8.6401 8.5302 8.4224 8.3166 10.0711 9.9275 9.7868 9.6491 9.5142 9.3821 9.2526 9.1258 9.0016 10.9075 10.7395 10.5753 10.4148 10.2578 10.1042 9.9540 9.8071 9.6633 13 11.7315 11.5376 11.3484 11.1636 10.9832 10.8070 10.6350 10.4669 10.3027 14 12.5434 12.3220 12.1062 11.8959 11.6909 11.4910 11.2961 11.1060 10.9205 15 13.3432 13.0929 12.8493 12.6122 12.3814 12.1567 11.9379 11.7249 11.5174 16 14.1313 13.8505 13.5777 13.3126 13.0550 12.8046 12.5611 12.3244 12.0941 17 14.9076 14.5951 14.2919 13.9977 13.7122 13.4351 13.1661 12.9049 12.6513 18 19 20 15.6726 15.3269 14.9920 14.6677 14.3534 14.0488 13.7535 13.4673 13.1897 16.4262 16.0461 15.6785 15.3229 14.9789 14.6460 14.3238 14.0119 13.7098 17.1686 16.7529 16.3514 15.9637 15.5892 15.2273 14.8775 14.5393 14.2124 30 24.0158 23.1858 22.3965 21.6453 20.9303 20.2493 19.6004 18.9819 18.3920 40 29.9158 28.5942 27.3555 26.1935 25.1028 24.0781 23.1148 22.2084 21.3551 34.9997 33.1412 31.4236 29.8344 28.3623 26.9972 25.7298 24.5518 23.4556 3.75% 4% 4.5% 5% 6% 7% 8% 9% 10% 0.9639 0.9615 0.9569 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 1.8929 1.8861 1.8727 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 2.7883 2.7751 2.7490 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 3.6514 3.6299 3.5875 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 4.4833 4.4518 4.3900 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 5.2851 5.2421 5.1579 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 6.0579 6.0021 5.8927 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 50 Periods 1 2 3 4 5 6 7 $ 6.8028 6.7327 6.5959 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 9 7.5208 7.4353 7.2688 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 10 8.2128 8.1109 7.9127 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 11 8.8798 8.7605 8.5289 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 12 9.5227 9.3851 9.1186 $.8633 $.3838 7.9427 7.5361 7.1607 6.8137 13 10.1424 9.9856 9.6829 9.3936 8.8527 8.3577 7.9038 7.4869 7.1034 14 15 16 17 18 19 20 10.7396 10.5631 10.2228 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 11.3153 11.1184 10.7395 10.3797 9.7122 9.1079 8.5595 8.0607 7.6061 11.8702 11.6523 11.2340 10.8378 10.1059 9.4466 8.8514 8.3126 7.8237 12.4050 12.1657 11.7072 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 12.9205 12.6593 12.1600 11.6896 10.8276 10.0591 9.3719 8.7556 8.2014 13.4173 13.1339 12.5933 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 13.8962 13.5903 13.0079 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 30 17.8292 17.2920 16.2889 15.3725 13.7648 12.4090 11.2578 10.2737 9.4269 20.5510 19.7928 18.4016 17.1591 15.0463 13.3317 11.9246 10.7574 9.7791 22.4345 21.4822 19.7620 18.2559 15.7619 13.8007 12.2335 10.9617 9.9148 40 50 "There is one payment each period P9-3 (Static) Computing Equal Periodic Debt Payments, and Completing a Schedule LO9-2 Alimentex Inc. develops, manufactures, and markets a wide range of fruit and vegetable juices and drinks as well as specialty food products, such as fondue broths and sauces, soups, gravies, pestos, and sauces for pasta and pizza. Use Table 8C.1, Table 8C.2. (Round time value factor to 4 decimal places.) The company's long-term debt includes the following obligations: Long-Term Debt 1. Obligation related to the acquisition of equipment, 5.5%, payable starting in December 2020 in eight equal annual blended instalments of $262,212 through 2027. 2. Obligation under a lease for distribution equipment, 9.7%, payable starting in December 2021 in 11 equal semi-annual blended instalments of $44,998, through December 2026. As of Dec. 31, 2022 As of Dec. 31, 2021 (In thousands of dollars) $1,120 $1,310 293 350 Required: 1. Assume that the equipment related to the first obligation was acquired on January 1, 2020 and that the first payment of $262,212 was made on December 31, 2020. Verify that the carrying amount reported by the company as of December 31, 2022 represents the present value of the remaining annual payments. (Note: Tables 8C.1 and 8C.2 do not include the 5.5 percent interest rate. Use Microsoft Excel or a calculator to compute the present value of future payments.) (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) 2. How much interest will the company pay as part of the five remaining instalments on the 5.5 percent obligation? (Hint: You may find it helpful to prepare a schedule similar to Exhibit 9.3, option 3.) (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Interest paid 3. Prepare the journal entry to record payment of the instalment on December 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in thousands of dollars rounded to the nearest whole dollar.) Journal entry worksheet 1 Record entry for payment of annual instalment. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit View general journal Record entry Clear entry 4. Assume that the obligation under the lease was signed on July 1, 2021 and that the first semi-annual instalment was made on December 30, 2021. Verify that the carrying amount reported by the company as of December 31, 2022 represents the present value of the remaining semi-annual payments. Use a calculator or Microsoft Excel to compute the present value of future payments. (Enter your answer in dollars not in thousands of dollars rounded to the nearest whole dollar.) Carrying amount