Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Present Value of a Single Amount of 1 10% 1 4 Number of Periods 1% 2% 3% 5% 6% 6% 15% 0.99010 14% 0.98039 0.97087

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Present Value of a Single Amount of 1 10% 1 4 Number of Periods 1% 2% 3% 5% 6% 6% 15% 0.99010 14% 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.6957 2 0.98030 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82545 0.81162 0.79719 0.78315 0.70947 0.75614 3 0.97050 0.94232 0.91514 0.88900 0.16384 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.693050.67497 0.65752 0.96098 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.708430.68301 0.65873 0.63552 0.61332 0.50208 0.57175 5 0.95147 0.90573 0.86261 0.82199 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 6 0.94205 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50003 0.48032 0.45650 0.43233 7 0.93272 0.87056 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51310 0.48168 0.45235 042506 0.39964 0.37594 8 0.92348 0.85349 0.78941 0.73009 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.37616 0.35056032090 9 0.91434 0.83678 0.70542 0.70259 0.64461 0.50190 0.54393 0.50025 0.46043 0.42410 0.390920.38061 0.33288 0.307510 25426 10 0.90529 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46310 0.42241 0.385540.35218 0.32197 0.29459 0 26074 0.24718 11 0.89632 0.80426 0.72242 0.64958 0.58468 0.52679 0.47500 0.42888 0.38753 0.35049 0.31728 0.28748 0.26070 0.236620-21494 12 0 38745 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.23071 0.207560 18691 13 0.87866 0.77303 0.68095 0.60057 0.53032 0.46884 041496 0.36770 0.32618 0.28965 0.25751 0.22917 0.20416 0.18207 0.16253 14 0.86996 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34048 0.29925 0.26333 0.23199 020462 0.18058 0.15971 0.14133 15 0.86135 0.74301 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0 27454 0.239390 20900 0.18270 0.15989 0.14010 0.12289 16 0.85282 0.72845 0.62317 0.53391 0.45811 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.14150 0.12289 0.10686 17 0.84438 0.71416 0.60502 0.51337 0.43630 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 0.14564 0.12522 0.10780 0.09253 18 0.83602 0.70016 0.587390.49363 0.41552 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.11081 0.00456 0.08081 19 0.82774 0.68643 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 20 0.81954 0.67297 0.56368 0.45639 0.37689 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.08878 0.07278 0.00110 21 0.81143 0.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0,09256 0.076800.00383 0.05313 22 0.80340 0.64684 0.52189 0.42196 0.34185 0.27751 0.22571 0.18394 0.150180.12285 0.10067 0.08264 0.06796 0.05599 0.04620 23 0.79544 0.63416 0.50669 0.40573 0.32557 0.28180 0.21095 0.17032 0.13778 0.11168 0.00069 0.07379 0.060140.04911 0.04017 0.78757 0.62172 0.49193 0.39012 0.31007 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.05323 0.04308 0.00493 25 0.77977 0.609530.47761 0.37512 0.29530 0.233000.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 KALPOOL Pro 4 Present Value of an Annuity of 1 Number of Periods 13 5 1 0.99010 0.98039 10% 0.97087 0.96154 0.95238 0.94340 135 0.93458 0.92593 0.91743 Soon 0000 0000 Test 15% 2 1.97040 1.94156 1.91347 1.8.3009 1.85041 1.83339 1.30802 1.78326 1.759111735541712521500051681011571 3 2.94099 288388 2.82881 2.77509 272325 2.67301 2.62432 257710 2.53129248685 2.44371 2401832381152321322303 3.90197 3.807733.71710 3.62990 3.54595 3.46511 3387213312133239723.16067 3.10245 3.03735244T 291371 25406 5 4.85343 4.71346 4.57971 4.451824.32948 4.21236 4.10020 3.90271 3.88965 3.79079 3.69500 3.604783.51728 3.403308335216 5.79548 5.60143 5.41719 5 242145.075694.917324.766544.62288 4.485024.35526 423054 4.111413.997553.88967 3.78448 7 6.72819 6.47199 6.23028 6.00205 5.786375.58238 5.389295 206375.03295 4.86842 4.71220 456376 442251 4288304.16042 8 7.65168 7.32548 7,01909 6.73274 6.46321 6.20979 5.97130 5.74664 5.534825.33493 5.146124.96754 4.79677 4.63886 448732 9 8.56602 8.162247.78611 7.43533 7.10782 6.80169 6.51523624689 5.99525 5.75902 5.53705 5.32825 5.13166 494637 4.77158 10 9.47130 8.98259 8.53020 8.11090 7.721737.36009 7.023586.71008 0.417666.144575.88923 5.65022 5.42624521612501877 11 10.36763 9.78685 9.25262 8.76048 8.30641 7.88687 7.498677.13896 6.80519 6.49506 6.206525.93770 5.68094 5.45273 523371 12 11.25508 10.575349.95400 9.38507 8.863258.383847.942697.53608 7.16073 6.81369 6.49236 6.19437591765 5.66029 5.42062 13 12.13374 11.34837 10.63496 9.98565 9.39357 8.852688.36765 7.90378 7.48690710336 6.74987 6.42355 6.12181584236 5.58315 14 13.00370 12.10625 11.29007 10.56312 9.89864 9.294988.745478.24424 7.786157.36669 6.981876.62817 6.30249 0.00207 5.72448 15 13.86505 12.84926 11.93794 11.11839 10.379669.71225 9.10791 8.55948 8.06089 7.60608 7.19087 6.810866.46238 6.14217 5.84737 16 14.71787 13.57771 12.56110 11.65230 10.83777 10.105909.44665 8.85137 8.31256 7.82371 7.37916 6.97399 6.60388 6.265065.95423 17 15.56225 14.29187 13.1661212.16567 11.27407 10.477269.76322 0.12164 8.54363 8.02155 7.54879 7.11963 6.729096.37286 6.04716 18 16.39827 14.99203 13.75351 12.65930 11.68959 10.82760 10.059099.37189 8.75563 8.20141 7.701627.24967 6.83991 6.46742 6.12707 19 17.22601 15.67846 14.32380 13.13394 12.08532 11.15812 10.335609.60360 8.950116.36492 7.839297.36578 6.93797 6.55037 6.19623 20 18.04555 16.35143 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.48944 7.02475 6.62313625933 21 18.85698 17.01121 15.41502 14.02916 12.82115 11.76408 10.83553 10.01680 9.29224 8.64869 8.07507 7.562007.10155 6.68096 6.31246 22 19.66038 17.65805 15.93692 14.45112 13.16300 12.04158 11.06124 10.200749.44243 8.771548.17574 7.64465 7.16951 6.742946.35866 23 20.45582 18.29220 16.44361 14.85684 13.48857 12.30338 1127219 10.371069.58021 8.88322 8.26643 7.71843 722988 6.79206 6.39884 24 21.24339 18.91393 16.93554 15.24696 13.79864 12.55036 11.46933 10.52876 9.70661 8.98474 8.348147.78432 7.28288 683514 6.43377 25 22.02316 19.52346 17.41315 15.62208 14.09394 12.78336 11.65358 10.67478 9.82258 9.07704 842174784314 7.32998 6.87293 6.45415 Question 22 4 pts Jacobs, Inc. sold five-year bonds with a Face Amount of $100,000.00 The Stated annual interest rate was 7% and the Effective annual interest rate was 9%. Round calculations to dollars and cents. Interest is paid Annually. On the date the bonds were sold, part of the journal entry Jacobs would record would be a Present Value Table debit of $92,220.55 to the "Cash" account debit of $93,690.36 to the "Cash" account O credit of $92,220.55 to the "Cash" account O credit of $ 93,690.36 to the "Cash" account debit of $100,000.00 to the "Cash" account Question 23 4 pts Redhawk Sports sold ten-year, $50,000 Face Amount, 8% Stated annual interest rate bonds; for $61,583 on January 1, 2020. When the bonds were sold the Effective annual interest rate was 5%. Round calculations to dollars and cents. Assuming Annual interest payments, what amount of interest expense will Redhawk report for calendar year 2020? Present Value Table ! $4,926.64 $4,000.00 O $3,079.15 O $2,500.00 O none of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Inventory

Authors: Steven M. Bragg

1st Edition

1938910222, 9781938910227

More Books

Students also viewed these Accounting questions

Question

For any four points A, B, C and D in space, prove that

Answered: 1 week ago