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Reference Present Value of Ordinary Annuity of $1 3.312 3.240 3.170 3.993 3.890 3.791 3.037 2.914 3.605 3.433 Periods 1% 2% 3% 4% Period 11
Reference Present Value of Ordinary Annuity of $1 3.312 3.240 3.170 3.993 3.890 3.791 3.037 2.914 3.605 3.433 Periods 1% 2% 3% 4% Period 11 0.990 0.980 0.971 0.962 Period 2 1.970 1.942 1.913 1.886 Period 2.941 2.884 2.829 2.775 Period 4 3.902 3.808 3.717 3.630 Period 5 4.853 4.713 4.580 4.452 5% 8% 7% 8% 9% 10% 12% 14% 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 2.723 2.673 2624 2.577 2.531 2487 2402 2.322 3.546 3.465 3.387 4.329 4.212 4.100 Period 6 5.795 5.601 5.417 Period 7 6.728 6.472 6.230 Period 8 7.652 7.325 7.020 6.733 Period 9 8.566 8.162 7.785 Period 10 9.471 8.983 8.530 4.623 4.486 4.355 4.111 3.889 5.206 5.033 4.868 4.564 4.288 5.747 5.535 5.335 4.968 4.639 5.242 5.076 4.917 4.767 6.002 5.786 5.582 5.389 6.463 6.210 5.971 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 559 8.061 7.606 6.811 6.142 Period 18 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 Period 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 Period 18 15.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 Period 19 17.225 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 7.562 6.687 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 7.645 6.743 Period 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 7.718 6.792 Period 24 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 6.835 Print Done - x Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) of $1 table.) Read the requirements. (Click the icon to view Present Value of Ordinary (Click the icon to view Future Value of Ordinary Annuity Requirement 1. Determine the present value of six-year bonds payable with face value of $91,000 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 91,000 When market rate of interest is 14% annually 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.) When market rate of interest is 16% annually Present Value
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