Stealth Fitness Center issues 9%, 8-year bonds with a face amount of $200,000. The market interest rate for bonds of similar risk and maturity is 10% Interest is paid semiannually. At what price will the bonds be issued? Use Table 2 and Table 4 (Round "PV Factor" to 5 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.) Issue price TABLE 4 Present Value of an Ordinary Annuity of $1 w 10% PVA- 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.5% 6.0% 7.0% 8.0% 0.93450 0.92593 1.80802 1.78326 5.0% 1 0.99010 098522 098039 0.97561 0.97087 0.96618 0.96154 0.95604 0.95238 0.94787 0.94340 1.85941 1.84632 1.83339 2 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 1.87267 3 294099 2.91220 2.08380 2.85602 2.82861 2.80164 2.77509 274896 272325 269793 2.67301 4 3.90197 385438 2.00773 376197 3.71710 3.67308 3.62990 3.58753 354595 3.50515 3.46511 5 4.05343 478264 4.71346 464583 4.57971 451505 445182 4.38998 4.32948 4.27028 4.21236 6579548 540719 540143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 4.91732 7 6.72819 6.59821 6.47199 6.34939 623029 611454 6.00205 5.89270 579637 5.68297 5.58238 745168 7.48593 7.32548 7.17014 7.01969 6.87396 673274 6.59589 6.46321 6.33457 6.20979 9 856602 136052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.95220 6.80169 10 947130 922218 898259 875206 8.53020 8.31661 8.11090 7.91272 7.72173 7.53763 7.36009 262432 257710 3.38721 331213 4.10020 3.99271 4.76654 4.62288 5.38929 5.20637 5.97130 5.74664 6.51523 6.24689 7.02358 671008 7.49867 7.13896 7.94269 7.53608 8.35765 7.90378 8.74547 8.24424 9.10791 8.55948 944665 8.85137 9.76322 9.12164 10.05909 9.37189 10.33560 9.60360 10.59401 9.81815 13.0% 9.0% 10.0 % 11.0% 12.0% 0.91743 0.90909 0.90090 0.89286 0.88496 1.75911 1.73554 1.71252 1.69005 1.66810 2.53129 2.48685 2.44371 2.40183 2.36115 3.23972 3.16987 3.10245 3.03735 2.97447 3.88965 3.79079 3.69590 3.60478 3.51723 4.48592 4.35526 4.23054 4.11141 3.99755 5.03295 4.86842 4.71220 4.56376 4.42261 5.53482 5.33493 5.14612 4.96764 4.79877 5.99525 5.75902 5.53705 5.32825 5.13166 6.41766 6.14457 5.88923 5.65022 5.42624 6.80519 6.49506 6.20652 5.93770 5.686941 7.16073 6.81369 6.49236 6.19437 5.91765 7.48690 7.10336 6.74987 6.42355 6.12181 7.78615 7.36669 6.98187 6.62817 6.30249 8.06069 7.60608 7.19087 6.81086 6.46238 8.31256 7.82371 7.37916 6.97399 6.60388- 8.54363 8.02155 7.54879 7.11963 6.72909 8.75563 8.20141 7.70162 7.24967 6.83991 8.95011 8.36492 7.83929 7.36578 6.93797 9.12955 8.51356 7.96333 7.46944 7.02475 11 10.36763 10.07112 9.78605 9.51421 9.25262 9.00155 8.76048 0.52892 8.30641 8.09254 7.88687 12 11.25500 10.90751 10.57534 10.25776 995400 9.66333 938507 9.11858 8.86325 8.61852 8.38394 13 12.13374 11.73153 11.34837 10.98319 10.63496 10.30274 9.98565 9.68285 9.39357 9.11708 8.85268 14 13.00370 12.54338 12.10625 11.69091 11.29607 10.92052 10.56312 10.22283 9.89864 9.589965 9.29498 15 1386505 13.34323 12.04926 12.38138 11.93794 11.51741 11.11839 10.73955 10.37966 10.03758 9.71225 16 1471787 14.13126 13.57771 13.05500 12.56110 12.09412 11.65230 11.23402 10.83777 10.46216 10.10590 17 15.56225 14.90765 14.29107 13.71220 13.16612 12.65132 12.14567 11.70719 11.27407 10.86461 10.47726 18 16.39827 15.67256 14.99203 14.35336 12.75351 12.18968 12.65930 12.15999 11.60959 11.24607 10.82760 19 17.22601 16.42617 15.67846 1497809 14.32380 13.70984 13.13394 12.59329 12.00532 11.60765 11.15812 20 18.04555 17.16864 16.25143 15.58916 14.87747 14.21240 12.59033 12.00794 12.46221 11.95038 11.46992 21 1885690 17.90014 17.01121 16.18455 1541502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76400 22 1966038 18.42082 17.45805 14.76541 15.93692 15.16712 14.45112 13.78442 13.16300 12.58317 12.04158 23 20.45582 19.3308 18.29220 17.33211 16.44361 15.42041 14.85684 14.14777 13.48857 12.87504 12.30338 24 21 24339 20.03041 18.91393 17.88499 16.93554 16.05837 15.24696 14.49548 13.79864 13.15170 12.55036 25 22.02316 20.71961 19.52346 18.42438 17.41315 16.48151 15.62208 14.82821 14.09394 13.41393 12.78336 30 2580771 24.01584 22.39646 20.93029 1940044 18.39205 17.29203 16.28809 15.37245 14.53275 13.76483 10.27365 9.42691 8.49379 8.05510 7.49565 35 29.40858 27.07559 2499862 22.14516 21 48722 20.00066 18.66461 17.46101 16.37419 15.39055 14.49825 10.56682 9.64416 8.85524 8.17550 7.58557 40 32.83469 29.91585 27.35548 25.10278 2311477 21.35507 19.79277 18.40158 17.15909 16.04612 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 7.63438 45 36.09451 32.55234 29.4016 2683302 24.51871 22.49545 20.72004 19.15635 17.77407 16.54773 15.45583 1360552 12.10040 10.88120 9.86281 9.00791 8.28252 7.66006 50 39.19612 34.99969 31.42361 28.36231 25.72976 23.45542 21.48218 19.76201 18.25593 16.93152 15.76186 13.80075 12.23348 10.96168 9.91401 9.04165 0.30450 7.67524 10.83553 10.01680 11.06124 10.20074 11.27219 10.37106 11.46933 10.52876 11.65358 10.67478 12.40004 11.25778 12.94767 11.65457 9.29224 8.64869 8.07507 7.56200 7.10155 9.44243 8.77154 8.17574 7.64465 7.16951 9.58021 8.88322 8.26643 7.71843 7.22966 9.70661 8.98474 8.34814 7.78432 7.28288 9.82258 9.07704 8.42174 7.84314 7.32998 TABLE 2 Present Value of $1 $1 PV- 10% 1.8% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 1 0.99010 0.98522 090029 0.97561 0.97087 096618 096154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.88496 2 098030 097066 096117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 0.89845 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.78315 3097059 0.95632 094232 0.92860 0.91514 090194 089900 0.87630 0.86384 0.85161 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.69305 4 096098 0.94218 0.92385 0.90595 0.38849 0.87144 085480 0.83056 0.82270 0.80722 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.61332 5 045547 092826 090573 0.88385 0.86261 0.84197 082193 0.80245 0.78353 0.76513 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.54276 0.42506 0.37616 0.33288 0,23071 094205 0.01454 0.88797 0.86230 083748 0.81350 079031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.48032 7 093272 090103 087056 0.84127 0.81309 0.78599 075992 073483 0.71068 0.68744 066506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 092348 088771 0.85349 0.82075 0.78941 0.75941 073069 0.70319 0.67684 0.65160 0.62741 058201 0.54027 0.50187 0.46651 0.43393 0.40388 091434 0.87459 043676 080073 076642 073373 070259 0.67290 0.64461 0.61763 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 10 090529 0.86167 0.82005 0.78120 0.74409 0.70892 067556 0.64393 061391 058543 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.29459 11 089672 0.84892 0.80426 0.76214 072242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.28748 0.26070 12 088745 083639 078849 074356 070138 0.66178 062460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 13 087866 082403 077303 072542 0.48095 0.63940 040057 0.56427 0.53032 0.49956 0.46884 0.41496 0.36770 0.22618 0.29966 0.25751 0.22917 14 0496 0.811685 075788 070773 066112 0.41778 0.57748 0.53997 0.50507 0.47257 044230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 15 046135 079985 074301 0.69047 0.641M 0.59689 0.55526 0.51672 0.48102 0.44793 0.41727 0.36245 031524 0.27454 0.23939 0.20900 0.18270 0.15989 0.20416 0.18068 16 085282 078803 0.72845 047362 042317 057671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.14150 17084438 0.77639 071414 0.45720 0.40502 0.55720 051337 0.47318 0.43630 0.40245 0.37136 0.31657 027027 0.23107 0.19784 0.16963 0.14564 0.12522 18 083602 076491 070016 064117 054739 053836 0.49363 0.45280 0.41552 0.38147 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.11081 19 082774 075361 04643 0.42553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.09806 20 081954 074247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 0.34273 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 21 081143 073150 0.45978 0.59539 0.53755 0.48557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 016370 0.13513 0.11174 0.09256 0.07680 22 080340 072069 0.64484 0.58086 052189 0.46915 042196 0.37970 0.34185 0.30793 0.27751 0.22571 0.18394 015018 0.12285 0.10067 0.08678 23 079544 071004 0.63416 056670 0.50669 0.45329 0.40573 0.36335 0.32557 0.29187 0.26180 0.21095 0.17032 0.13778 0.11168 0.09069 24 078757 040954 042172 055288 0.49193 0.43796 0.29012 0.34770 031007 027666 0.24698 0.19715 0.15770 012640 0.10153 0.08170 0.06588 0.05323 25 0.7777 0.48921 040953 0.53939 0.47761 0.42315 0.37512 0.33273 029530 0.26223 0.23300 0.18425 0.14602 1597 0.09230 0.07361 0.05882 0.04710 0.08264 0.06796 30 076192 063976 655207 0.47674 0.41199 0.35628 0.30832 0.26700 023138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 0.04368 0.03338 0.07379 0.06014 020595639387 050003 0.42137 0.35538 0.29998 0.25342 0.21425 0.18129 0.15352 013011 0.09366 0.06763 0.04899 0.02558 0.02592 0.01894 40 047165 055126 045289 037243 0.30656 0.25257 020829 0.17193 014205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00753 45 043905 051171 041020 0.32917 0.26444 0.21266 017120 013796 011130 0.08988 0.07265 0.04761 0.03133 0.02069 0.01372 0.00913 0.00610 50 060804 047500 0.37153 0.29094 022811 0.17905 0.14071 0.11071 008720 0.06877 0.05429 0.03395 0.02132 0.01345 0.00852 0.00542 0.00346 0.00222 0.00409 0.02557 0.01398 Type here to search