Rolution the authorized to laue 7, 16 year bonds payable On January 1, 2024 when the market interest rate is 12%, the company innues $300,000 of the bonds. The bonds say interest semiannually (Cid the con to view Present Value of table) (Click the icon to view Present Value of Ordinary Annuity of 51 table) Cid the icon to view Future Value of 51 ) Cock the icon to view Future Value of Ordrary Amully of 51 table) Requirement 1. How much cash did the company receive upon lance of the bonds payable? Round to the nearest dollar) Lipens of the bonds payable the company received 0.475 Present Value of $1 15% 14% 10% 169 18% 20% 12% 9% 8% 2% 7% 5% 3% 1% Periods 6% 4% 0.833 0.935 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0917 0.909 0.893 0.877 0.870 | 0.862 0.847 Period 1 Period 2 0873 0.980 0961 0.943 0.925 0.9070.890 0.857 0.769 0.756 0.743 0.718 0.694 0.842 0.826 0.797 0.840 0971 0.942 0.915 0816 08890864 0.712 0.675 0.658 0.641 0.609 0.579 Period 3 0.794 0.772 0.751 Period 4 0961 0.924 0.888 0.792 0.855 0.823 0592 0.572 0.552 0516 0.482 0.763 0.735 0.709 0693 | 0636 Period 5 0.747 0.951 0.906 0.863 0.822 0.784 0713 05190.49704760.437 0.402 0.681 0.650 0.621 | 0.567 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 | 0.370 0.335 Period 7 0.665 0.933 0.871 0.813 0.760 0.711 0.623 0.3140.279 0.583 0547 0.513 0.452 0.400 0.376 0.354 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.592 0.540 0.502 0.467 0.404 0.266 0233 0351 0.32701305 0.914 0.837 0.766 07030645 0.592 0.544 Period 9 0.500 10.460 0.424 0.361 0.263 0308 0.284 0.225 0.194 Period 10 0.905) 0 820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 Period 11 0.896 0.8040.722 0.650 0.585 0.527 0.429 0.388 0.350 | 0.287 0.23702150 195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0397 0.356 0.319 0.257 0.208 0.187 0.1680.137 0.112 Period 13 0.879 0773 0.681 0.601 0.530 0.469 0.415 0.368 0.32602900229 0.1820 163 0.145 0.116 0.093 Period 14 0.870 0758 0661 0.577 0.505 0.442 0.388 0.340 0.299 02630 205 0.1600.141 0.125 0 099 0.078 Period 15 0.861 0743 0642 0.555 0.4810.417 0.362 0.315 0.275 0.2390 183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0,623 0534 0.458 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.1070 093 0.071110054 Period 17 10.844 0.714 0.605 0.513 0.436 0.371 0.317 0 2700 2310.198 0.146 0.108 0.093 O 08010060 0045 Period 18 0.836 0.7000.587 0.494 0.4160350 0.296 0.250 02120 180 0 130 0.095 0 081 0.069 0.051 0038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0277 0.232 0 1940.164 0.116 | 0,083 0.070 0.060 0043 0.031 Period 200.820 0.673 0.554 0.456 0377 0.3120.268 0.215 0,178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 Period 210.811 0660 0.638 04390359 0.294 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.031|| 0022 Period 22 0.8031 0.647 0.522 0.422 0.342 0.278 0226 0.184 0.160 0.123 0.083 0,056 0.046 0.038 0.026 0.018 Period 23 0.795 0634 0.507 0.4060.326 0.262 0.211 0 170 10 1380.112 0.074 0.049 0.0400033 0,022 0.015 Period 24 0.788 0.622 0.492 0.390 0.310 0.247 0 197 0.158 0.1260 1020.066 0.043 0.035 0.028 0.019 19.013 Period 25 0.780 06100478 0.375 0.295 0.233 0184 0.146 0.116 0.092 0.059 0.038 0.0300024 || 00160010 Period 26 0772 0.598 0.464 0.3610 281 0 220 0.172 0.135 0106 0.084 0.053 0,033 0,026 0021 Period 27 0764 0.586 0450 0.347 0.258 0.207 0.014 0.009 0.161 0.125 0.098 0.076 1 0047 0.029 Period 28 0.757 0.574 0.437 0.333 0 255 0.023001811 0.011 0.007 0.196 0.150 0.116 0090 0.069 | 0.042 0.026 0.0200016 0.0100006 Period 29 0.749 0.563 0.424 0.321 0243 0.185 0.141 0 107 10.082 0.063 0.037 Period 30 0.742 0.552 0.412 0.308 0.231 0.022 10.017 0.014 0.008 0.005 0.174 0.131 0099 0.075 0.067 | 0033 0.020 0,015 0012 0007 6.004 Period 40 0.672 0.453 0.30702080.142 0.097 0.067 0.046 0,032 0,022 0.011 0.005 0.004 0.003 0.001 0.00 Period 50 0608 0.372 0.228 0.1410087 0.054 0.034 0021 1 0 013 1 0.009 110.003 0.001 0.001 0.00 4% Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Future Value of $1 2% 1% 3% 5% 6% 7% 8% 9% 10% 14% 12% 15% 1.010 1.020 1030 1.040 1050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1,082 1.103 1.124 1.145 1.166 1.188 1210 1254 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191 1225 1260 1295 1.331 1.405 1.482 1.521 1.041 1.082 1.126 1.170 1216 1.262 1.311 1.360 1.412 1.464 1.574 1.689 1.749 1.051 1.104 1.159 1.217 1 276 1.338 1403 1.469 1.539 1.611 1,762 1.925 2.011 1.062 1.126 1.194 1.265 1340 1.419 1501 1587 1677 1.772 1.974 2. 195 2313 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 1.083 1.172 1.267 1369 1.477 1594 1.718 1.851 1993 2.144 2.476 2.853 3.059 1.094 1.195 1.305 1.423 1.651 1689 1838 1.999 2.172 2.358 2.773 3.252 3.518 1.105 1.219 1.344 1480 1.629 1791 1.967 2.159 2.367 2594 3.106 3.707 4.046 1.116 1 243 1.384 1.539 1.7101.898 2105 2.332 2.580 2.853 3.479 4.226 4.652 1.127 1.268 1.426 1.601 1.796 2012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.138 1.294 1.469 1.665 1.886 2133 2.410 2720 3.066 3.452 4.363 5.492 6.153 1.149 1.319 1513 1.732 1.980 2.261 2.5792937 3.342 3.798 4.887 6.261 7.076 1.161 1.346 1558 1.801 2079 2 397 2.7593.172 3642 4.177 5.474 7. 138 8.137 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4595 6.130 8.1379.358 1.184 1.400 1.653 1.948 2.292 2.6933.159 3.700 4.328 5.054 6.866 9.276 10.76 1.196 1.428 1.702 2026 2.407 2.854 3 380 3.996 4.717 5.560 7 690 10.58 12.38 1208 1.457 1.754 2107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 1.220 1.486 1.806 2.191 2.653 3 207 3.870 4661 5.604 6.727 9.646 13.74 16.37 1 232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.1097.400 10.80 15.67 18.82 1.245 1.646 1.916 2.370 2.925 3.604 4.430 5.437 6.6698.140 12.10 17 86 21.64 1.257 1.577 1.974 2465 3.072 3.820 4.741 6.871 | 7258 8.964 13165 20.3624 89 1270 1.608 2.0332563 3.225 4.049 5.072 6.341 7.911 9.850 15.18 2321 28.63 1.282 1.641 2.094 2666 3.386 4.2925.427 6.848 8.623 10.83 17.00 25.46 32.92 1 295 1.673 2.157 2.7723 656 4549 5.807 71396 9.399 11192 19.04 3011737 86 1.308 1.707 2.221 2.8833.733 4.822 | 6.214 7.988 10.25 13:11 21 32 34.3943.54 1.321 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14:42 23.88 39 20 50:07 1.335 1.77621357 3.119 4.116 | 5.418 17/1149/817 12.17 15.86 26175 44.69 57158 1.348 1.811 2427 3.243 4.322 5174674612 10.06 13 27 17:45 29.96 50.95 66.21 1489 2208 3.262 4 801 70401 | 10:29 149 21.72 3141 45 26 93 05188926719 1.645 2692 4.3842 107 11:47 18.4229 46 48.90 7436 1171 2890 700 21084 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 Period 27 Period 28 Period 29 Period 30 Period 40 Period 50 Present Value of Ordinary Annuity of $1 3% 9% 5% 12% 6% 7% Periods 8% 14% 15% 20% 10% 2% 4% 1% 16% 18% 0.862 0.847 0.833 Period 1 0.893 0.877 0.870 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 Period 2 1.626 1.970 1.886 1.605 1.942 1.859 1.833 1.808 1.566 1.528 1.783 1.759 1.736 1.913 1.690 1.647 2246 Period 3 2.9412.884 2829 2.40223222283 2775 2723 2673 2624 2577 25312487 2.174 2.106 2.798 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3240 3.170 3.0372914 2855 2690 2.589 Period 5 4.8534.713 4.580 4.452 4.3294212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.4864.355 4 111 3.889 3.784 3.685 3.498 3.326 Period 7 6.728 6.472 6230 6.002 5.786 5.582 5.389 5.206 5.0334 868 4.564 4 288 4.160 4.039 3.812 3.605 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 6.747 5.535 6335 4.968 4.639 4.487 4.344 4.078 3.837 Period 9 8.5668.162 7.786 7435 7108 6.802 6.515 6.247 5.995 | 6.759 5.328 4.946 4.772 4.607 4.303 4.031 Period 10 9.471 8.983 8.530 8.111 77227.360 7.024 6.710 6.418 6.145 5.6505.216 5019 4.833 4.494 4.192 Period 11 10.3689.787 9.253 8.760 8.306 7 887 7,499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 4656 4327 Period 12 11 255 10.575 9.954 9.385 8.863 8.384 7943 7.5367.1616.8146.1946.660 6.421 5.197 4.793 4.439 Period 13 12.134 11.348 10.635 | 9.986 9.394 8.853 8.358 7.9047.487 7.103 6.424 5.8425.583 5.342 4.910 4.533 Period 14 13.004 12.106 11 296 10.563 9.899 9.295 8.745 8.244 7.78673676.6286.002 5.724 5468 5.0084,611 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.0617.606 6.811 6.142 5.847 5575 5.092 4.675 Period 16 14.718 13.578 12.561 11.652 10.838 10.106 9447 8.851 8.313 7.824 6.974 | 6.2655.954 5.669 5.1624.730 Period 17 15,56214 292 13.166 12 166 11.274 10.4771 9.763 9.122 8.5448.022 7.1206.373 6.047 5.749 5.222 4.775 Period 18 16 398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 6.128 5.818 52734.812 Period 19 17.226 15,6781432413.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.5506.198 5.877 5.3164 844 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 10.5949.818 9.129 8.514 7.469 6.623 6.259 5.929 5.363 4.870 Period 21 18857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 7.562 6.6876.312 5.973 5.384 4.891 Period 22 19.660 17.658 15.93714.451 13.163 12.042 11,061 10.2019.442 8.772 | 7 645 6.7436.359 6.011 5.410 4.909 Period 23 20.456 18 292 16.444 14857 13.489 12.303 11.272 10.371 9.580 8.883 7.718 6.7926399 6044 5.432 4925 Period 24 21.243 18.914 16.936 15 247 13.799 12,550 11.469 10.529 9.7078.9857.784 6 835 6.434 6.073 5,451 4.937 Period 25 22.023 19.623 17.413 16.622 14.094 12783 11654 10.675 9.823 9.077 7.843 6.873 6.464 6.097 5.467 4 948 Period 26 2279520 121 17 87715.983 14.375 13.003) 11 826 10:910 | 9929 9.161 Period 27 23.560 20.707 18.32716.330 14.64313 211 11 987 10.935 10.027 9.237 7.8966.906 6.491 8.118 6.480 4956 7.9436.935 6.514 6.136 5.492 4964 Period 28 24 31621281 18.764 16.663 14.898 13.406 12.137 11051 10.116 9.3077.984 6.961 6534 Period 29 25066 21 844 19.188 16.984 15.141 13.591 12.278 11.158 10.1989.370 6.152 5502 4970 Period 30 25,808 22 396 19,600 17.292 15.372 13.766 12 409 11 258 10.274 9.427 8.022 6 983 6.551 6.166 5510 4.975 8.055 7.0036.5666 177 5,574.979 Period 40 32.835 27 356 23.115 19.793 17 159 15 046 13.332 11.925 10 7579.7798.244 7.1056642 6.233 5.548 4997 Period 50 39.196 31 42425 730 21.482 18 256 15.762 13 801 12 233 10.962 9.915 8.3047 133 6.661 6.246 6.554 4.999 9% Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Future Value of Ordinary Annuity of $1 2% 1% 3% 4% 5% 6% 7% 8% 10% 15% 12% 14% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2020 2030 2040 2050 2060 2.070 2.080 2090 2.100 2.120 2.140 2.150 3.0303.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 3.440 3.473 4.060 4.122 4.1844.246 4.310 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.975 | 7.1537.336 7.523 7.716 8.115 8.536 8.754 7.214 74347.662 7.898 8.142 8.394 8.654 8.923 9.2009.487 10.09 10.73 11.07 8.286 8.5838.8929.2149.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10.46 10.95 11.46 12.01 | 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 12.68 13.41 14.19 15.03 15.92 16.87 17.8918.98 20.14 21.38 24.13 27.2729.00 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34 35 14.95 15.97 17.0918.29 19.6021.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 17.26 18.64 20.16 21.8223.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 19.61 21.41 23.41 25,65 28 13 30 91 34 00 37.45 41.30 45.60 55.75 68.39 75.84 20.81 22.84 25.12 27.67 30.54 33.76 37 38 41.45 46.02 51.16 63.44 78.97 88.21 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57 28 72.05 | 91.02 | 102.4 23.24 25.7828.68 31.9735.72 39.99 44.87 50.42 56.76 64.00 81.70 104.8 118.8 24.47 27.30 30.543425 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 137.6 25.72 28.85 32.45 36.62 41.43 4700 53.44 60.89 69.53 79.54 104.6 138.3 159.3 26.97 30.42 34,43 39.08 44.50 50.82 58.18 66.76 76.79 88.50 118,2 158.7184.2 28.24 32.03 36.4641.65 47.73 54 86 63.25 73.11 84.70 98.35 133.3 181.9212.8 29.53 33.67 38.55 44 31 51.11 59.1668.68 79.95 93.32 109.2 150.3 208.3 245.7 30.8235.34 40.71 47.08 54 67 63 71 74 48 87 35 102.7 1211 169.4 228.5 283.6 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95,34 113.0 134.2 190.7 272.9 327.1 33.45 38.79 45.2252.97 62.32 73.64 87 35 104.0 124.1 148.6 2146 312.13772 34.78 40.57 47.58 56.08 66.44 79.06 94.46 113.3 136.3 164 5 241.3 356.8 434.7 48.8960.4075.40 95.03 120.8 154 8 199,6 259.1 337.9 4426 767 11,342 1,779 64.46 84.58 1128 | 1527 | 209.3 290.3 406.5 573 8 815.1 1.164 2,400 4,995 7,218 Period 26 Period 27 Period 28 Period 29 Period 30 Period 40 Period 50