Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

W E14A-30 (similar to) Question Help Interest rates determine the present value of future amounts (Round to the nearest dollar) (Click the icon to view

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
W E14A-30 (similar to) Question Help Interest rates determine the present value of future amounts (Round to the nearest dollar) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 tablo (Click the icon to view Future Value of $1 table) (Click the icon to view Future Value of Ordinary Annuity of State) Read the requirements Requirement 1. Determine the present value of 10-year bonds payable with face value of $93,000 and stated interest rate of 10% paid semiannually the market rate of interest is 10% at issuance (Round intermediary calculations and final answer to the nearest whole dollar) Present Value When market rate of interest is 10% annually 93,000 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 18% (Round intermediary calculations and final unswer to use nearent whol dollar) Present Value When market rate of interest is 16% annually Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0 833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.8570.842 0.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 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 0.933 0.871 0.813 0.760 0.7110.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.3140 279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 0.3510 327 0.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 | 0.6450.592 0.544 0.500 0.460 0.424 0.361 0.3080 284 0.263 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 0.804 0.722 0.650. 0.585 0.527 0.475 0.429 0.3880.350 0.287 0.237 0.215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.4970.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.2050.1600.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0218 0.163 0.123 0.107 0.093 0.071 0.054 Period 17 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0,198 0.146 0.108 0.093 0.080 0.060 0.045 Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 Period 200.820 0.673 0.5540.456 0.377 0.3120.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 Period 21 0.811 0 660 0.538 0.439 0.359 0.294 0 242 0.199 0.164 0.135 0.093 0.084 0.053 0.044 0.031 0.022 Print Done Check And Future Value of $1 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 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 10401.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 | 1.331 1.405 1.482 1.521 1.041 1082 1.126 1.170 1.216 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 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1587 1.677 1.772 1.974 2.1952 313 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 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.7733.252 3.518 1.105 1219 1.344 1.480 1.629 1791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.116 1.243 1384 1.539 1710 1.898 2.105 2332 2.580 2.853 3.479 4.226 4,652 1.127 1268 1.426 1.601 | 1.796 2.012 2.252 2518 2.813 3.138 3.8964,818 5.350 1.138 1.294 1.469 1665 1.886 2.133 | 2.410 2.720 3.066 3.452 4.363 5.492 6.153 1.149 1.319 1.513 1.732 1.980 2261 2.579 2.937 3.342 3.798 4.887 | 6.261 7.076 1.161 1.346 1.558 1.801 2.079 2 397 2759 3.1723.642 4.177 5.474 | 7.1388.137 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 1.184 1.400 1.653 1.948 2292 2693 3.159 3.700 4.328 5.054 6.8669.276 10.76 1.196 1.428 1.702 2.0262.407 2.854 3.380 3.996 4.717 5.560 7690 10.58 12.38 1.208 1.457 1.754 2.107 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 4.661 5.604 6.727 9.646 13.74 16.37 1232 1.516 18602279 2786 3.400 4 141 5.034 6.109 7.400 10.80 15.67 18.82 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Print Done - 0 Reference Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.9800.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.8930 877 0.870 0.862 0.847 0.833 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1 808 1.783 1759 1736 1.690 1.6471.626 1.605 1.566 1.528 Period 3 2.941 2.884 2829 2.775 2.723 2.673 2.624 2577 2.531 2487 2.402 2.322 2.2832 246 2 174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 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 4.486 4.355 4.111 3.889 3.784 3.6853498 3.326 Period 7 8.728 6.4726.230 6.002 5.786 5.582 5.389 5.206 5.033 4.8684.5644 2884.1604.0393.812 3.605 Period 8 7.652 7.3257.020 6.733 6.463 6.210 5.971 5.747 5.5355.335 4.968 4.639 4.487 4 344 4.078 3.837 Period 9 8.566 8.1627.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5 328 4.946 4.7724.607 4.303 4.031 Period 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.0194 833 4.494 4.192 Period 11 10.368 9.7879.253 8.760 8.306 7.887 7.499 7.139 6.8056.495 5.938 5.4535.234 5.029 4.656 4.327 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.5367.161 | 6.814 6.1945.660 5.4215,197 4.793 4.439 Period 13 12 134 11348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.8425.583 5.342 4.910 4533 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.3676.628 6 002 5.724 5.468 5,008 4.611 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 5.575 5.092 4.675 Period 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8 313 7.8246.9746.265 5.9545.669 5.162 4.730 Period 17 15.562 14.292 13.166 12 166 11.274 10.4771 9.763 9.122 8.5448.0227 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 9.3728.756 8.2017.250 6.467 6.128 5.818 5.273 4.812 Period 19 17.226 15.678 14,324 13.134 12.085 11.158 10.336 9.604 8.950 8.3657.3666.550 6.1985 877 5.316 4.844 Period 20 18.046 16 351 14.877 13,590 12.462 11.470 10.594 9.818 9.129 8.5147.4696.623 6.259 5.929 5.353 4.870 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.0179 292 8.6497562 6.687 6.312 5.973 5.384 4.891 Print Done P Inut er Future Value of Ordinary Annuity of $1 Periods 1% 2% 3% 5% 6% 7% 8% 9% 10% 12% 14% 15% Period 1 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 Period 2 2010 2020 2030 2040 2050 2060 2070 2.080 2090 2.100 2.120 2140 2.150 Period 3 3.030 3.060 3.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 Period 4 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 Period 5 5.101 5.204 5.309 5.416 5526 5.637 5.751 5.8675985 6.105 6.353 6.610 6.742 Period 6 6.152 6.308 6.468 6.633 6.802 6.9757.153 7336 7523 7.716 8.115 8.536 8.754 Period 7 7.214 7.434 7.662 7.898 8.142 8.3948.654 8.9239.2009 487 10.09 10.73 11.07 Period 8 8.286 8.583 8.8929.214 9.549 9.897 10.260 10.64 11.03 | 11.44 12 30 13.23 13.73 Period 9 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 Period 10 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 Period 11 11.57 12.17 12.8113.49 14 21 14.97 15.78 16.65 1756 18.53 20.65 23.04 24.35 Period 12 12.68 13.41 14.19 15.03 15.92 16.87 17 89 18.98 20.14 21 38 24.13 27 27 29.00 Period 13 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.0934.35 Period 14 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24 21 26.02 27.98 32.39 37.58 40.50 Period 15 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.3631.77 37.28 43.84 47.58 Period 16 17.26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 Period 17 18.43 20.01 21.76 2370 25 84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 Period 18 19.61 21.41 23.41 25.65 28.13 30.9134.00 37.45 41.30 45.60 55.75 68.39 75.84 Period 19 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 Period 20 22.02 24.30 26.87 29.7833.07 36.79 41.00 45.76 51.16 57.28 | 72.05 91.02 102.4 Period 21 23 24 25 7828.68 3197 35.72 39.99 44.87 50 42 56.76 64.00 81.70 104.8 118.8 Print Done

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

Auditing SAP S 4HANA

Authors: Steve Biskie

1st Edition

1493222643, 978-1493222643

More Books

Students also viewed these Accounting questions

Question

What is the relationship between humans?

Answered: 1 week ago

Question

What is the orientation toward time?

Answered: 1 week ago