TABLE 1 Future Value of $1 FV = $1(1 + i)" M 1 2 3 4 5 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.05101 1.07728 1.10408 1.13141 1.15927 1.18769 1.21665 4.5% 1.04500 1.09203 1.14117 1.19252 1.24618 5.0% 5.5% 1.05000 1.05500 1.10250 1.11303 1.15763 1.17424 1.21551 1.23882 1.27628 1.30696 6.0% 7.0% 1.06000 1.07000 1.12360 1.14490 1.191021.22504 1.26248 1.31080 1.33823 1.40255 8.0% 1.08000 1.16640 1.25971 1.36049 1.46933 0.0% 1.09000 1.18810 1.29503 1.41158 1.53862 10.0% 1.10000 1.21000 1.33100 1.46410 1.61051 11.0% 1.11000 1.23210 1.36763 1.51807 1.68506 12.0% 1.12000 1.25440 1.40493 1.57352 1.76234 20.0% 1.20000 1.44000 1.72800 2.07360 2.48832 2.98598 6 7 8 9 10 1.06152 1.09344 1.12616 1.07214 1.10984 1.14869 1.08286 1.12649 1.17166 1,09369 1.14339 1.19509 1.10462 1.16054 1.21899 1.15969 1.18869 1.21840 1.24886 1.28008 1.19405 1.22926 1.26532 1.30226 1.22987 1.27228 1.31593 1.36086 1.26677 1.31681 1.36857 1.42210 1.30477 1.36290 1.42331 1.48610 1.34392 1.41060 1.48024 1.55297 1.34010 1.37884 1.41852 1.40710 1.45468 1.50363 1.47746 1.53469 1.59385 1.55133 1.619091.68948 1.62889 1.70814 1.79085 1.50073 1.60578 1.71819 1.83846 1.96715 1.58687 1.71382 1.85093 1.99900 2.15892 1.67710 1.82804 1.99256 2.17189 2.36736 1.77156 1.87041 1.97382 1.948722.07616 2.21068 2.14359 2.30454 2.47596 2.357952.55804 2.77308 2.59374 2.839423.10585 3.58318 4.29982 5.15978 6.19174 11 1.11567 12 1.12683 13 1.13809 1.14947 15 1.16097 1.17795 1.24337 131209 1.38423 1.45997 1.19562 1.26824 1.34489 1.42576 1.51107 1.21355 1.29361 1.37851 1.46853 1.56396 1.23176 131948 1.41297 1.51259 1.61869 1.25023 1.34587 1.44830 1.55797 1.67535 1.53945 1.62285 1.71034 1.802091.89830 1.601031.69588 1.79586 1.90121 2.01220 1.66507 1.77220 1.88565 2.00577 2.13293 1.73168 1.85194 1.97993 2.11609226090 1.80094 1.93528 2.07893 223248 239656 2.10485 225219 2.40985 2.57853 2.75903 233164 2.51817 2.71962 2.93719 3.17217 2.58043 2.81266 3.06580 3.34173 3.64248 2.85312 3.13843 3.45227 3.79750 4.17725 3.15176 3.47855 3.49845 3.89598 3.88328 4.36349 4.31044 4.784595.47357 7.43008 8.91610 10.69932 15.40702 16 1.17258 17 1.18430 18 1.19615 19 1.20811 20 1.22019 1.26899 1.28802 1.30734 1.32695 1.34686 1.37279 1.40024 1.42825 1.45681 1.48595 1.48451 1.60471 1.73399 1.52162 1.65285 1.79468 1.55966 1.70243 1.85749 1.59865 1.75351 1.92250 1.63862 1.80611 1.98979 1.87298 2.02237 2.18287 2.35526 1.94790 2.11338 2.29202 2.48480 2.02582 2.20848 2.40662 2.62147 2.10685 2.30786 2.52695 2.76565 2.19112 2.41171 2.65330 291776 254035 2.69277 2.85434 3.02560 3.20714 2.95216 3.42594 3.97031 3.15882 3.70002432763 3.379933.99602 4.71712 3.61653 4.31570 5.14166 3.86968 4.66096 5.60441 4.59497 5.05447 5.55992 6.11591 6.72750 5.310896.13039 5.895096,86604 6.54355 7.68997 7.26334 8.61276 8.06231 9.64629 18.48843 22.18611 26.62333 31.94800 38.33760 21 1.23239 25 1.28243 30 1.34785 40 1.48886 1.36706 1.51567 1.45095 1.64061 1.56308 1.81136 1.81402 2.20804 1.67958 1.86029 2.05943 2.27877 2.52024 2.78596 3.07823 3.39956 1.85394 2.09378 2.36324 2.66584 3.00543 3.38635 3.813394.29187 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 5.74349 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 10.28572 4.14056 5.42743 7.61226 14.97446 5.03383 6.108817.40025 8.94917 10.80385 46.00512 6.84848 8.62308 10.83471 13.58546 17.00006 95.39622 10.06266 13.26768 17.44940 22.89230 29.95992 237.37631 21.72452 31.40942 45.25926 65.00087 93.05097 1469.77160 TABLE 2 Present Value of $1 PV = (1+1) M 1 2 3 4 5 1.0% 0.99010 0.98030 0.97059 0.96098 0.95147 1.5% 0.98522 0.97066 0.95632 0.94218 0.92826 2.0% 0.98039 0.96117 0.94232 0.92385 0.90573 2.5% 3.0% 3.5% 4.0% 0.97561 0.97087 0.96618 0.96154 0.95181 0.94260 0.93351 0.92456 0.92860 0.91514 0.90194 0.88900 0.90595 0.88849 0.87144 0.85480 0.88385 0.86261 0.84197 0.82193 4.5% 5.0% 5,5% 6.0% 0.95694 0.95238 0.94787 0.94340 0.91573 0.90703 0.89845 0.89000 0.87630 0.86384 0.85161 0.83962 0.83856 0.82270 0.80722 0.79209 0.80245 0.78353 076513 0.74726 70% 0.93458 0.87344 0.81630 0.76290 0.71299 8.0% 0.0% 0.92593 0.91743 0.85734 0.84168 0.79383 0.77218 0.73503 0.70843 0.68058 0.64993 10.0% 11.0% 12.0% 0.90909 0.90090 0.89286 0.82645 0.81162 0.79719 0.75131 0.73119 0.71178 0.68301 0.65873 0.63552 0.62092 0.59345 0.56743 20.0% 0.83333 0.69444 0.57870 0.48225 0.40188 6 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 7 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 071068 0.68744 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 9 0.91434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.61763 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.33490 0.27908 0.23257 0.19381 0.16151 11 12 13 14 15 0.89632 0.88745 0.87866 0.86996 0.86135 0.84893 0.80426 0.76214 0.83639 0.78849 0.74356 0.82403 0.77303 0.72542 0.81185 0.75788 0.70773 0.79985 0.74301 0.69047 0.72242 0.70138 0.68095 0.66112 0.64186 0.68495 0.66178 0.63940 0.61778 0.59689 0.64958 0.62460 0.60057 0.57748 0.55526 0.616200.58468 0.55491 0.58966 0.55684 0.52598 0.56427 0.53032 0.49856 0.53997 0.50507 0.47257 0.516720.48102 0.44793 0.52679 0.47509 0.49697 0.44401 0.46884 0.41496 0.44230 0.38782 0.41727 0.36245 0.42888 0.39711 0.36770 0.34046 0.31524 0.38753 0.35553 0.32618 0.29925 0.27454 0.35049 0.31863 0.28966 0.26333 0.23939 0.31728 0.28584 0.25751 0.23199 0.20900 0.28748 0.25668 0.22917 0.20462 0.18270 0.13459 0.11216 0.09346 0.07789 0.06491 16 17 18 19 20 0.85282 0.84438 0.83602 0.82774 0.81954 0.78803 0.72845 0.77639 0.71416 0.76491 0.70016 0.75361 0.68643 0.74247 0.67297 0.67362 0.65720 0.64117 0.62553 0.61027 0.62317 0.60502 0.58739 0.57029 0.55368 0.57671 0.55720 0.53836 0.52016 0.50257 0.53391 0.51337 0.49363 0.47464 0.45639 0.49447 0.45811 0.42458 0.47318 0.43630 0.40245 0.452800.41552 0.38147 0.43330 0.39573 036158 0.41464 0.37689 034273 0.39365 0.33873 0.37136 031657 0.35034 0.29586 0.33051 0.27651 0.31180 0.25842 0.29189 0.27027 0.25025 0.23171 0.21455 0.25187 0.23107 0.21199 0.19449 0.17843 0.21763 0.19784 0.17986 0.16351 0.14864 0.18829 0.16963 0.15282 0.13768 0.12403 0.16312 0.05409 0.14564 0.04507 0.13004 0.03756 0.11611 0.03130 0.10367 0.02608 21 24 25 28 29 0.81143 0.78757 0.77977 0.75684 0.74934 0.73150 0.69954 0.68921 0.65910 0.64936 0.65978 0.62172 0.60953 0.57437 0.56311 0.59539 0.53755 0.55288 0.49193 0.53939 0.47761 0.50088 0.43708 0.48866 0.42435 0.48557 0.43796 0.42315 .38165 0.36875 0.43883 0.39012 0.37512 0.33348 0.32065 0.39679 0.34770 0.33273 0.29157 0.27902 0.35894 0.31007 0.29530 0.25509 0.24295 0.32486 0.27666 0.26223 0.22332 0.21168 0.29416 0.24698 0.23300 0.19563 0.18456 0.24151 0.19715 0.18425 0.15040 0.14056 0.19866 0.16370 0.13513 0.11174 0.09256 0.02174 0.15770 0.12640 0.10153 0.08170 0.06588 0.01258 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 0.10733 0.08215 0.06304 0.04849 0.03738 0.00506 30 0.74192 0.63976 0.55207 0.47674 0.41199 0.35628 0.30832 0.26700 0.23138 0.20064 0.17411 0.13137 0.09938 0.07537 0.05731 31 0.73458 0.63031 0.54125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 40 0.67165 0.55126 0.45289 0.37243 0.30656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.04368 0.03338 0.00421 0.03935 0.02980 0.00351 0.01538 0.01075 0.00068 TABLE 3 Future Value of an Ordinary Annuity of $1 FVA - (1+i)" - 1 w 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 20.0% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 5,5% 6.0% 1.0000 1.0000 2.0550 2.0600 3.16803.1836 2 3 4 2.0300 3.0909 2.0350 3.1062 2.0400 3.1216 2.0450 3.1370 2.0100 3.0301 4.0604 5.1010 2.0150 3.0452 4.0909 5.1523 2.0200 3.0604 4.1216 5.2040 2.0250 3.0756 4.1525 5.2563 2.0500 3.1525 4.3101 5.5256 7.0% 8.0% 1.000 1.0000 2.0700 2.0800 3.21493.2464 4.4399 4.5061 5.8666 9.0% 10.0% 1.000 1.000 2.0900 2.1000 3.27813.3100 4.5731 4.6410 5.9847 6.1051 11.0% 1.0000 2.1100 3.3421 4.7097 6.2278 12.0% 1.0000 2.1200 3.3744 4.7793 6.3528 1.0000 2.2000 3.6400 5.3680 4.1836 4.21494.2465 4.2782 4.34234.3746 5 5.3091 5.3625 5.41635.4707 7.4416 6 7 8 9 10 6.1520 7.2135 8.2857 9.3685 10.4622 6.2296 7.3230 8.4328 9.5593 10.7027 6.3081 6.3877 7.43437.5474 8.5830 8.7361 9.7546 9.9545 10.9497 11.2034 6.4684 6.5502 7.6625 7.7794 8.8923 9.0517 10.1591 10.3685 11.4639 11.7314 6.6330 78983 9.2142 10.5828 12.0061 6.71696.80196.8881 69753 8.0192 8.1420 8.26698.3938 9.3800 9.5491 9.7216 9.8975 10.802111.0266 11.2563 11.4913 12.2882 12.5779 12.8754 13.1808 7.1533 8.6540 10.2598 11.9780 13.8164 7.33597.5233 8.9228 9.2004 10.6366 11.0285 12.4876 13.0210 14.4866 15.1929 7.7156 7.9129 9.4872 9.7833 11.435911.8594 13.5795 14.1640 15.9374 16.7220 8.1152 10.0890 12.2997 14.7757 17.5487 9 .9299 12.9159 16.4991 20.7989 25.9587 11 12 13 14 15 11.5668 12.6825 13.8093 14.9474 16.0969 11.8633 12.1687 12.4835 12.8078 13.0412 13.4121 13.7956 14.1920 14.2368 14.6803 15.1404 15.6178 15.4504 15.9739 16.5190 17.0863 16.6821 17.2934 17.9319 18.5989 13.1420 13.4864 13.8412 14.6020 15.0258 15.4640 16.1130 16.6268 17.1599 17.6770 18.291918.9321 19.2957 20.0236 20.7841 14.2068 15.9171 17.7130 19.5986 21.5786 14.5835 163856 182868 20.2926 22.4087 14.9716 16.8699 18.8821 21.0151 23.2760 15.7836 17.8885 20.1406 22.5505 25.1290 16.6455 18.9771 21.4953 24.2149 27.1521 17.5603 18.5312 20.1407 21.3843 22.9534 24.5227 26.0192 27.9750 29.360931.7725 19.5614 22.7132 26.2116 30.0949 34.4054 20.6546 24.1331 28.0291 32.3926 37.2797 32.1504 39.5805 48.4966 59.1959 72.0351 16 17 18 19 20 17.2579 17.9324 18.4304 19.2014 19.6147 20.4894 20.8109 21.7967 22.0190 23.1237 18.6393 19.3802 20.1569 20.0121 20.8647 21.7616 21.4123 22.3863 23.4144 22.8406 23.9460 25.1169 24.2974 25.5447 26.8704 20.9710 21.8245 22.7050 23.6975 24.4997 25.6454 26.3572 27.6712 28.2797 29.7781 22.7193 23.6575 24.7417 25.8404 26.855128.1324 29.0636 30.5390 31.3714 33.0660 24.6411 26.9964 29.4812 32.1027 34.8683 25.6725 28.2129 30.9057 33.7600 36.7856 27.8881 30.8402 33.9990 37.3790 40.9955 30.3243 33.0034 33.7502 36.9737 37.450241.3013 41.4463 46.0185 45.7620 51.1601 35.9497 40.5447 45.5992 51.1591 57.2750 39.189942.7533 44.5008 48.8837 50.395955.7497 56.9395 63.4397 64.2028 72.0524 87.4421 105.9306 128.1167 154.7400 186.6880 21 23.2392 24.4705 30 34.7849 37.5387 40 48.8864 54.2679 25.7833 27.1833 28.6765 30.2695 31.9692 33.7831 40.5681 43.9027 47.5754 51.6227 56.084961.0071 60.4020 67.4026 75.4013 84.5503 95.0255 107.0303 35.7193 66.4388 120.7998 37.7861 72.4355 136.6056 39.9927 79.0582 154.7620 44.8652 94.4608 199.6351 50.4229 56.7645 64.0025 113.2832 136.3075 164.4940 259.0565 337.8824 442.5926 72.2651 199.0209 581.8261 $1.6987 241.3327 767.0914 225.0256 1181.8816 7343.8578 TABLE 4 Present Value of an ordinary Annuity of $1 1- (1+0) PVA== w 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 70% 8.0% 0.0% 0.0% 11.0% 12.0% 20.0% 1 0.99010 0.98522 0.980390.97561 0.97087 0.96618 0.96154 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 2 3 1.97040 1.95588 2.940992.91220 3.85438 4.85343 4.78264 1.94156 2.88388 3.80773 4.71346 1.927421.91347 2.85602 2.82861 3.76197 3.71710 4.64583 4.57971 1.899691.886091.872671.85941 2.80164 2.77509 2.74896 2.72325 3.67308 3.62990 3.58753 3.54595 4.51505 4.45182 4.38998 4.32948 1.84632 2.69793 3.50515 4.27028 1.83339 2.67301 3.46511 4.21236 1.80802 2.62432 3.38721 4.10020 1.78326 2.57710 3.31213 3.99271 1.75911 1.73554 1.71252 1.69005 1.52778 2.53129 2.48685 2.44371 2.40183 2.10648 3.23972 3.88965 3.79079 3.69590 3.60478 2.99061 5 6 7 8 9 10 5.79548 6.72819 7.65168 8.56602 9.47130 5.69719 5.60143 6.59821 6.47199 7.485937 32548 8.36052 8.16224 9.22218 8.98259 5.50813 5.41719 6.349396.23028 7.17014 7.01969 7.970877.78611 8.75206 8.53020 5.32855 5.24214 5.15787 6.11454 6.00205 5.89270 6.87396 6.73274 6.59589 7.607697.43533726879 8.31661 8.11090 791272 5.07569 4.99553 4.91732 4.76654 4.62288 5.78637 5.68297 5.58238 5.389295.20637 6.46321 6.33457 620979597130 5.74664 7.10782 6.95220 6.801696.515236.24689 7.721737537637.360097.02358 6.71008 4.48592 4.35526 5.03295 4.86842 5.53482 5.33493 5.99525 5.75902 6.41766 6.14457 4.23054 4.11141 3.32551 4.71220 4.56376 3.60459 5.14612 4.96764 3.83716 5.53705 5.32825 4.03097 5.88923 5.65022 4.19247 11 12 13 14 15 10.36763 11.25508 12.13374 13.00370 13.86505 10.07112 10.90751 11.73153 12.54338 13.34323 9.786859.514219.252629.00155 8.76048 10.57534 10.25776 9.95400 9.66333 9.38507 11.34837 10.98319 10.63496 10.30274 9.98565 12.10625 11.69091 11.29607 1092052 10.56312 12.84926 12.38138 11.93794 11.51741 11.11839 8.52892 9.11858 9.68285 10.22283 10.73955 8.30641 8.86325 9.39357 9.89864 10.37966 8.09254 7.88687 7.49867 8.61852 8.38384 7.94269 9.11708 8.85268 8.35765 9.589659.294988.74547 10.03758 9.71225 9.10791 7.13896 7.53608 7.90378 8.24424 8.55948 6.80519 6.49506 6.20652 5.93770 4.32706 7.16073 6.81369 6.49236 6.19437 4.43922 7.48690 7.10336 6.74987 6.42355 4.53268 7.78615 7.36669 6.98187 6.62817 4.61057 8.06069 7.60608 7.19087 6.81086 4.67547 16 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.65230 11.23402 10.83777 10.46216 10.105909.44665 8.85137 8.31256 7.82371 7.37916 6.97399 4.72956 17 15.56225 14.90765 14.29187 13.71220 13.16612 12.65132 12.16567 11.70719 11.27407 10.86461 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 4.77463 18 19 20 16.39827 15.67256 17.22601 16.42617 18.04555 17.16864 14.99203 14.35336 15.67846 14.97889 16.35143 15.58916 13.75351 13.18968 14.32380 13.70984 14.87747 14.21240 12.65930 12.15999 13.13394 12.59329 13.59033 13.00794 11.68959 12.08532 12.46221 11.24607 11.60765 11.95038 10.82760 10.059099.37189 11.15812 10.33560 9.60360 11.46992 10.59401 9.81815 8.75563 8.20141 8.95011 8.36492 9.12855 8.51356 7.701627.24967 4.81219 7.839297.36578 4.84350 7.96333 7.46944 21 18.85698 17.90014 17.01121 25 22.02316 20.71961 19.52346 30 25.80771 24.01584 22.39646 40 32.83469 29.91585 27.35548 16.1845515.41502 14.69797 18.42438 17.41315 16.48151 20.93029 19.60044 18.39205 25.10278 23.11477 21.35507 14.02916 15.62208 17.29203 19.79277 13.40472 14.82821 16.28889 18.40158 12.82115 14.09394 15.37245 17.15909 12.27524 13.41393 14.53375 16.04612 11.76408 12.78336 13.76483 15.04630 10.83553 10.01680 11.65358 10.67478 12.40904 11.25778 13.33171 11.92461 9.29224 8.64869 8.07507 7.56200 9.82258 9.07704 8.42174 7.84314 10.27365 9.42691 8.69379 8.05518 10.75736 9.77905 8.95105 8. 4.89132 4.94759 4.97894 TABLE 5 Future Value of an Annuity Due of $1 x (1 + i) FVAD 20.0% 1.2000 2.6400 w 1 2 3 4 5 1.0% 1.0100 2.0301 3.0604 4.1010 5.1520 1.5% 1.0150 2.0452 3.0909 4.1523 5.2296 2.0% 1.0200 2.0604 3.1216 4.2040 5.3081 2.5% 1.0250 2.0756 3.1525 4.2563 5.3877 3.0% 3.5% 4.0% 1.0300 1.0350 1.0400 2.0909 2.1062 2.1216 3.1836 3.21493.2465 4.30914.36254.4163 5.4684 5.5502 5.6330 4,5% 5.0% 1.0450 1.0500 2.1370 2.1525 3.2782 33101 4.4707 4.5256 5.71695.8019 5.5% 6.0% 7.0% 8.0% 0.0% 10.0% 11.0% 12.0% 1.0550 1.0600 1.07001.0800 1.0900 1.1000 1.1100 1.1200 2.1680 2.1836 2.2149 2.2464 2.2781 2.3100 2.3421 2.3744 3.3423 3.3746 3.4399 3.5061 3.5731 3.6410 3.7097 3.7793 4.58114.63714.7507 4.8666 4.98475.10515.2278 5.3528 5.8881 5.9753 6.15336.33596.5233 6.7156 6.91297.1152 4.3680 6.4416 8.9299 6 7 8 6.2135 7.2857 8.3685 9.4622 10.5668 6.3230 7.4328 8.5593 9.7027 10.8633 6.4343 7.5830 8.7546 9.9497 11.1687 6.5474 7.7361 8.9545 10.2034 11.4835 6.6625 7.8923 9.1591 10.4639 11.8078 6.7794 8.0517 9.3685 10.7314 12. 1420 6.89837.01927.1420 8.2142 8.3800 8.5491 9.5828 9.8021 10.0266 11.0061 11.2882 11.5779 12.4864 12.8412 13.2068 7.26697 .3938 8.7216 8.8975 10.2563 10.4913 1 1.8754 12.1808 13.5835 13.9716 7.6540 9 2598 10.9780 12.8164 14.7836 7.9228 8.2004 9.6366 10.0285 11.4876 12.0210 13.4866 14.1929 15.645516.5603 8.48728.7833 10.4359 10.8594 12.5795 13.1640 14.9374 15.7220 17.5312 18.5614 9.0890 11.2997 13.7757 16.5487 19.6546 11.9159 15.4991 19.7989 10 31.1504 11 12 13 14 15 11.6825 12.8093 13.9474 15.0969 16.2579 12.0412 13.2368 14.4504 15.6821 16.9324 12.4121 13.6803 14.9739 16.2934 17.6393 12.7956 14.1404 15.5190 16.9319 18.3802 13.1920 14.6178 16,0863 17.5989 19.1569 13.6020 15.1130 16.6770 18.2957 19.9710 14.0258 15.6268 17.2919 19.0236 20.8245 14.4640 16.1599 17.9321 19.7841 21.7193 14.9171 16.7130 18.5986 20.5786 22.6575 15.3856 17.2868 19.2926 21.4087 23.6411 15.8699 17.8821 20.0151 22.2760 24.6725 16.8885 19.1406 21.5505 24.1290 26.8881 17.9771 20.4953 23.2149 26.1521 29 3243 19.1407 21.9534 25.0192 28.3609 32.0034 20.3843 23.5227 26 9750 30.7725 34.9497 21.7132 25 2116 29.0949 33.4054 38.1899 23.1331 27.0291 31.3926 36.2797 41.7533 38.5805 47.4966 58.1959 7 1.0351 86.4421 16 17.4304 18.2014 19.0121 19.8647 20.7616 21.7050 17 18.6147 19.4894 20.4123 21.3863 22.4144 23.4997 22.697523.7417 24.6454 25.8551 24.8404 27.1324 25.9964 27.2129 28.481229.9057 29.840232.7502 32.9990 36.4502 35.9737 39.5447 40.301344.5992 43.5008 47.8837 49.395954.7497 104.9306 127.1167 18 19.8109 20.7967 19 21.0190 22.1237 20 22.2392 23.4705 21.8406 22.9460 24.1169 25.3572 23.2974 24.5447 25.8704 27.2797 24.7833 26.1833 27.6765 29.2695 26.6712 28.7781 30.9692 28.0636 30.3714 32.7831 29 5390 32.0660 34.7193 31.1027 33.8683 36.7861 32.7600 35.7856 38.9927 36.3790 39.9955 43.8652 40.4463 45.0185 44.762050.1601 49.4229 55.7645 50.1591 56.2750 63.0025 55.9395 63.2028 71.2651 62.4397 71.0524 80.6987 153.7400 185.6880 224.0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.3289 25 28.5256 30.5140 32.6709 35.0117 37.5530 40.3131 30 35.1327 38.1018 41.379445.0003 49.0027 53.4295 0876 77.6633 87.5095 33.2480 43.3117 58.3283 98.8265 35.3034 37.5052 46.5706 50.1135 63.7524 69.7608 111.8467126.8398 39.8643 53.9660 76.4194 144.1189 42.3923 58.1564 83.8017 164.0477 48.0057 54.4568 67.6765 78.9544 101.0730 122.3459 213.6096 279.7810 61.8733 92.3240 148.5752 368.2919 70.4027 80.2143 91.5026 108.1818 126.9988 149.3339 180.9434 220.9132 270.2926 486.8518 645.8269859.142 270.0307 566.3773 1418.2579 TABLE 6 Present Value of an Annuity Due of $1 PVAD= (2+1" x (1+i) 1 2 3 4 5 1.0% 1.00000 1.99010 2.97040 3.94099 4.90197 .5% 1.00000 1.98522 2.95588 3.91220 4.85438 2.0% 2.5% 3.09 1.00000 1.00000 1.00000 1.98039197561 1.97087 2.94156 2.92742 2.91347 3.88388 3.85602 3.82861 4.80773 4.761974.71710 3.5% 1.00000 196618 2.89969 3.80164 4.67308 4.0% 4.5% 1.00000 1.00000 1.96154 1.95694 2.886092.87267 3.77509 3.74896 4.62990 4.58753 5.0% 1.00000 1.95238 2.85941 3.72325 454595 5.5% 1.00000 1.94787 2.84632 3.69793 4.50515 6.0% 1.00000 1.94340 2.83339 3.67301 4.46511 70% 1.00000 1.93458 2.80802 3.62432 4.38721 8.0% 1.00000 1.92593 2.78326 3.57710 4.31213 9.0% 0.0% 11.0% 1.00000 1.00000 1.00000 1.917431.90909 1.90090 2.75911 2.73554 2.71252 3.53129 3.48685 3.44371 4.23972 4.16987 4.10245 12.0% 20.0% 1.00000 1.00000 1.89286 1.83333 2.69005 2.52778 3.40183 3.10648 4.03735 3.58873 5.27028 5.21236 5.99553591732 5.100204.99271 5.76654 5.62288 4.88965 4.79079 5.48592535526 4.69590 5.23054 4.60478 5.11141 3.99061 4.32551 6 7 8 9 10 5.85343 6.79548 7.72819 8.65168 9.56602 5.78264 5.71346 5.64583 5.57971 5.51505 6.697196.60143 6.50813 6.417196.32855 7.59821 7471997.349397.23028 7.11454 8.48593 8.32548 8.17014 8.01969 7.87396 9.36052 9.16224 8.97087 8.78611 8.60769 5.45182 6.24214 7.00205 7.73274 8.43533 5.38998 5.32948 6.157876.07569 6.89270 6.78637 7.595897.46321 8.26879 8.10782 7.33457 795220 7209796.97130 7.801697.51523 6.74664 7.24689 6.53482 6.99525 6.33493 6.14612 5.96764 6.75902 6.53705 6.32825 4.83716 5.03097 11 10.47130 10.22218 12 11.36763 11.07112 13 12.25508 11.90751 14 13.13374 12.73153 15 14.00370 13.54338 9.98259 9.75206 9.53020 10.78685 10.51421 10.25262 11.57534 11.25776 10.95400 12.34837 11.98318 11.63496 13.10625 12.69091 12.29607 9.31661 10.00155 10.66333 11.30274 11.92052 9.110908.912728.72173 8.537638.360098.023587.71008 9.76048 9.528929.30641 9.09254 8.886878.49867 8.13896 10.38507 10.11858 9.86325 9.61852 9.38384 8.94269 8.53608 10.98565 10.68285 10.39357 10.11708 9.85268 9.35765 8.90378 11.56312 11.22283 10.89864 10.58965 10.294989.74547 924424 7.41766 7.14457 6.88923 6.650225.19247 7.80519 7.49506 720652 6.93770 5.32706 8.160737.81369 7.49236 7.19437 5.43922 8.48690 8.10336 7.74987 7.42355 5.53268 8.78615 8.36669 798187 7.62817 5.61057 16 17 18 19 20 14.86505 14.34323 15.71787 15.13126 16.56225 15.90765 17 39827 16,67256 18.22601 17.42617 13.84926 14.57771 15.29187 15.99203 16.67846 13.38138 14.05500 14.71220 15.35336 15.97889 12.93794 12.51741 12.11839 13.56110 13.09412 12.65230 14.16612 13.65132 13.16567 14.75351 14.18968 13.65930 15.32380 14.70984 14.13394 11.73955 11.37966 12 2340211.83777 12.70719 12 27407 13.15999 12.68959 13.59329 13.08532 11.03758 10.71225 11.46216 11.10590 11.86461 11.47726 12.24607 11.82760 12.60765 12.15812 10.10791 10.44665 10.76322 11.05909 11.33560 9.55948 9.060698.60608 8.19087 7.81086 9.85137 9.31256 8.82371 8.37916 7.97399 10.12164 9.543639.02155 8.54879 8.11963 10.371899.75563 9.20141 8.70162 8.24967 10.60360 9.95011 9.36492 8.83929 8.36578 5.67547 5.72956 5.77463 5.81219 5.84350 21 25 30 40 19.04555 18.16864 17.35143 16.58916 22.24339 21.03041 19.91393 18.88499 26.06579 24.37608 22.84438 21.45355 33.16303 30.36458 27.90259 25.73034 15.87747 17.93554 20.18845 23.80822 15.21240 14.59033 14.00794 17.05837 16.24696 15.49548 19.03577 17.98371 17.02189 22.10250 20.58448 19.22966 13.46221 14.79864 16.14107 18.01704 12.95038 12.46992 14.15170 13.55036 15 33310 14.59072 16.92866 15.94907 11.59401 10.81815 12.46933 11.52876 13.27767 12.15841 14.26493 12.87858 10.12855 10.70661 11.19828 11.72552 9.51356 9.98474 10 36961 10.75696 8.96333 8.46944 5.86958 9.34814 8.78432 5.93710 9.65011 9.02181 5.97472 9.93567 9.23303 5.99592 On February 1, 2021, Cromley Motor Products issued 9% bonds, dated February 1, with a face amount of $80 million. The bonds mature on January 31, 2025 (4 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $80,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds issued on February 1, 2021. 2-a. Prepare amortization schedules that indicate Cromley's effective interest expense for each interest period during the term to maturity. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2021. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2023. Reg 1 Req 2A Req 2B Req3 Req 4 Cromley Req 4 Barnwell Determine the orice or the bonds sued on February 1, 2021. (Do not round intermediate calculations, Enter your answer in Determine the price of the bonds issued on February 1, 2021. (Do not round intermediate calculations. Enter your answer in whole dollars.) Price of the bonds Req 1 Req 2A Req 2B Req3 Req 4 Cromley Req 4 Barnwell Prepare amortization schedules that indicate Cromley's effective interest expense for each interest period during the term to maturity. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance Outstanding Balance 8 Totals Req 1 Req 2A Req 2B Req3 Req 4 Cromley Req 4 Barnwell Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance Outstanding Balance Totals Journal entry worksheet Record the issuance of the bonds by Cromley. Note: Enter debits before credits. General Journal Debit Credit Date February 01, 2021 Journal entry worksheet Record the Bond investment by Barnwell. Note: Enter debits before credits. General Journal Debit Credit Date February 01, 2021