What Am I Missing?
TABLE B.2+ Future Value of 1 f = (1+i )> Rate Periods 1% 2% 3% 4%% 5% 6% 7% 3% 9% 15% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0100 1.0300 1.0400 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1200 1.1500 1.0404 1.0609 1.0816 1.1025 1.1449 1.1664 1.1881 1.2100 1.0303 1.3225 1.0927 1.1249 1.1576 1.1910 1.2597 1.2950 1.3310 1.4049 1.5209 1.0406 1.1255 1.1699 1.2155 1.2625 1.3605 1.4116 1.7490 1.0510 1.1041 1.2167 1.2763 1.3382 1.4693 1.5386 1.6105 1.7623 2.0114 1.0615 1.1262 1.1941 1.2653 1.3401 1.4185 1.5007 1.5869 1.6771 1.7716 1.9738 1.0721 1.1487 1.2299 1.3159 1.4071 1.5036 1.6058 1.7138 1.8280 1.9487 2.2107 1.0829 1.1717 2.6600 1.2668 1.4775 1.5938 1.7182 1.8509 2.4760 3.0590 1.0937 1.1951 1.3048 1.4233 1.5513 1.8385 2.1719 2.3579 2.7731 3.5179 10 1.2190 1.3439 1.4802 1.6289 1.7908 2.1589 2.3674 2.5937 3.1058 4.0456 11 1.1157 1.2434 1.3842 1.5395 1.7103 1.8983 2.1049 2.3316 2.5804 2.8531 3.4785 12 1.1268 4.6524 1.2682 1.4258 1.6010 1.7959 2.0122 2.2522 2.5182 3.1384 3.8960 5.3503 13 1.2936 1.4685 1.6651 1.8856 2.1329 2.4098 2.7196 3.0658 3.4523 4.3635 6.1528 14 1.3195 1.5126 1.9799 2.2609 2.5785 2.9372 15 3.7975 1.1610 7.0757 1.3459 1.5580 1.8009 2.0789 2.3966 3.1722 3.6425 4.1772 5.4736 16 8.1371 1.1726 1.3728 1.6047 1.8730 2.1829 2.5404 2.9522 3.4259 3.9703 4.5950 1.1843 6.1304 17 1.4002 9.3576 1.6528 1.9479 2.2920 2.6928 3.1588 3.7000 4.3276 5.0545 6.8660 10.7613 18 1.1961 1.4282 1.7024 2.0258 2.4066 2.8543 3.3799 3.9960 5.5599 7.6900 19 1.2081 12.3755 1.4568 1.7535 2.1068 2.5270 3.0256 4.3157 5.1417 6.1159 20 1.2202 1.4859 14.2318 1.8061 2.1911 2.6533 3.2071 3.8697 4.6610 5.6044 25 6.7275 9.6463 1.2824 16.3665 1.6406 2.0938 2.6658 3.3864 4.2919 5.4274 6.8485 8.6231 10.8347 17.0001 32.9190 30 1.3478 1.8114 2.4273 3.2434 4.3219 5.7435 10.0627 13.2677 17.4494 29.9599 66.2118 35 1.4166 1.9999 2.8139 3.9461 5.5160 7.6861 10.6766 14.7853 20.4140 28. 1024 52.7996 40 1.4889 133.1755 2.2080 3.2620 4.8010 7.0400 14.9745 21.7245 31.4094 45.2593 93.0510 267.8635 "Used to compute the future value of a known present amount. For example: What is the accumulated value of $3,000 invested today at 8% compounded quarterly for 5 years? Using the factors of n = 20 and i = 2% (20 quarterly periods and a quarterly interest rate of 2"), the factor is 1.4859. The accumulated value is $4,457.70 ($3,000 x 1.4859).TABLE B. 1* Present Value of 1 p = 1/(1 +i )" Rate Periods 1% 2%% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8696 0.9803 0.9612 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.7972 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.7118 0.6575 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 0.5718 0.9515 0.9057 0.8626 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5674 0.4972 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.5963 0.5066 0.4323 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.4523 0.3759 0.9235 0.8535 0.7894 0.7307 0.6274 0.5820 0.5403 0.5019 0.3269 9 0.9143 0.4665 0.4039 0.8368 0.7664 0.7026 0.6446 0.5919 0.5002 0.4604 0.4241 0.3606 0.2843 10 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.3220 11 0.8963 0.2472 0.8043 0.6496 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 12 0.8874 0.2875 0.7885 0.7014 0.6246 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.2567 13 0.7730 0.6810 0.5303 0.4688 0.4150 0.3677 0.3262 0.2897 0.2292 0.1625 14 0.8700 0.7579 0.6611 0.5775 0.5051 0.4423 0.3878 0.3405 0.2992 15 0.2633 0.2046 0.8613 0.7430 0.6419 0.5553 0.4810 0.4173 0.3624 0.3152 0.2745 0.1827 16 0.7284 0.6232 0.1229 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 0.1631 0.1069 17 0.8444 0.7142 0.5134 0.4363 0.3714 0.3166 0.2703 0.2311 0.1456 18 0.0929 0.8360 0.7002 0.5874 0.4936 0.3503 0.2959 0.2502 0.2120 0.1799 0.0808 19 0.8277 0.6864 0.5703 0.4746 0.3957 0.3305 0.2765 0.2317 0.1945 0.1635 0.1161 20 0.0703 0.8195 0.6730 0.5537 0.4564 0.3769 0.3118 0.2584 0.2145 0.1784 0.1486 0.1037 0.0611 25 0.7798 0.6095 0.4776 0.2953 0.2330 0.1842 0.1460 0.1160 0.0923 0.0588 0.0304 30 0.5521 0.3083 0.2314 0.1741 0.1314 0.0994 0.0754 35 0.0573 0.0334 0.0151 0.7059 0.5000 0.3554 0.2534 0.1813 0.1301 0.0937 0.0676 0.0490 0.0356 0.0189 40 0.0075 0.6717 0.4529 0.3066 0.2083 0.1420 0.0972 0.0668 0.0460 0.0318 0.0221 0.0107 0.0037 "Used to compute the present value of a known future amount. For example: How much would you need to invest today at 10%% compounded semiannually to accumulate $5,000 in 6 years from today ? Using the factors of # = 12 and i = 5% (12 semiannual periods and a semiannual rate of 5%), the factor is 0.5568. You would need to invest $2,784 today ($5.000 x 0.5568).TABLE B.2+ Future Value of 1 f = (1+i )" Rate 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0100 1.0200 1.0300 1.0400 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1500 1.0201 1.0404 1.0609 1.0816 1.1025 1.1236 1.1449 1.1664 1.1881 1.2100 1.2544 1.3225 1.0303 1.1249 1.1576 1.1910 1.2250 1.2597 1.4049 1.5209 1.0406 1.0824 1.1255 1.1699 1.2155 1.2625 1.3108 1.3605 1.4116 1.4641 1.5735 1.7490 1.0510 1.1041 1.2167 1.2763 1.3382 1.4026 1.4693 1.6105 1.7623 2.0114 1.0615 1.1262 1.1941 1.2653 1.3401 1.4185 1.5869 1.6771 1.7716 1.0721 2.3131 1.1487 1.2299 1.3159 1.4071 1.5036 1.7138 1.8280 1.9487 2.2107 2.6600 1.0829 1.1717 1.2668 1.3686 1.4775 1.5938 1.7182 1.8509 1.9926 3.0590 1.0937 1.1951 1.3048 1.4233 1.5513 1.6895 1.8385 1.9990 2.1719 2.3579 2.7731 3.5179 10 1.2190 1.3439 1.4802 1.6289 1.7908 1.9672 2.1589 2.5937 3.1058 4.0456 11 1.1157 1.2434 1.3842 1.5395 1.7103 1.8983 2.1049 2.5804 3.4785 4.6524 12 1.1268 1.2682 1.6010 1.7959 2.0122 2.2522 2.5182 3.1384 3.8960 5.3503 13 1.1381 1.2936 1.4685 1.8856 2.1329 2.4098 3.0658 3.4523 4.3635 6.1528 14 1.1495 1.5126 1.7317 1.9799 2.2609 2.5785 2.9372 3.3417 3.7975 4.8871 7.0757 15 1.1610 1.3459 1.5580 1.8009 2.0789 2.3966 2.7590 3.1722 4.1772 5.4736 8.1371 16 1.1726 1.3728 1.6047 1.8730 2.1829 2.5404 2.9522 3.4259 3.9703 4.5950 6.1304 17 1.1843 9.3576 1.4002 1.6528 1.9479 2.6928 3.1588 3.7000 4.3276 5.0545 6.8660 10.7613 18 1.1961 1.4282 1.7024 2.0258 2.4066 2.8543 3.3799 3.9960 4.7171 5.5599 7.6900 12.3755 19 1.2081 1.4568 2.1068 3.0256 3.6165 4.3157 5.1417 6.1159 8.6128 20 1.2202 1.4859 1.8061 2.1911 2.6533 3.2071 3.8697 4.6610 5.6044 6.7275 9.6463 25 1.2824 2.0938 16.3665 1.6406 2.6658 3.3864 4.2919 5.4274 6.8485 8.6231 10.8347 17.0001 32.9190 30 1.3478 3.2434 4.3219 5.7435 7.6123 13.2677 17.4494 35 66.2118 1.4166 1.9999 2.8139 3.9461 5.5160 7.6861 10.6766 14.7853 40 20.4140 28.1024 52.7996 1.4889 133.1755 2.2080 4.8010 7.0400 21.7245 31.4094 45.2593 93.0510 267.8635 Used to compute the future value of a known present amount. For example: What is the accumulated value of $3,000 invested today at 8% compounded quarterly for 5 years? Using the factors of n = 20 and i = 2% (20 quarterly periods and a quarterly interest rate of 2), the factor is 1.4859. The accumulated value is $4,457.70 ($3,000 x 1.4859).TABLE B.4 f = [(1 + i) - 1]/i Future Value of an Annuity of 1 Periods 19% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2.0100 2.0200 2.0300 2.0500 2.0600 2.0700 2.0800 2.0900 2.1000 2.1200 2.1500 3.0604 3.0909 3.1216 3.1525 3.2149 3.2464 3.2781 3.3100 3.3744 3.4725 4.0604 4.1216 4.1836 4.2465 4.3746 4.4399 4.5061 4.5731 4.7793 4.9934 5.1010 5.2040 5.3091 5.4163 5.5256 5.6371 5.7507 5.8666 5.9847 6.1051 6.3528 6.1520 6.3081 6.4684 6.6330 6.8019 6.9753 7.1533 7.3359 7.5233 7.7156 8.1152 8.7537 7.2135 7.4343 7.6625 7.8983 8.3938 8.6540 8.9228 9.2004 9.4872 10.0890 11.0668 8.2857 8.5830 8.8923 9.2142 9.5491 9.8975 10.2598 10.6366 11.0285 11.4359 12.2997 13.7268 9.3685 9.7546 10.1591 10.5828 11.0266 11.4913 12.4876 13.0210 13.5795 14.7757 16.7858 10 10.4622 10.9497 11.4639 12.0061 12.5779 13.1808 13.8164 14.4866 15.1929 15.9374 17.5487 20.3037 11 11.5668 12.1687 12.8078 13.4864 14.2068 14.9716 15.7836 16.6455 17.5603 18.5312 20.6546 24.3493 12 12.6825 13.4121 14.1920 15.0258 15.9171 16.8699 17.8885 18.9771 20.1407 21.3843 24.1331 29.0017 13 13.8093 14.6803 15.6178 16.6268 17.7130 18.8821 20.1406 21.4953 22.9534 24.5227 28.0291 34.3519 14 14.9474 15.9739 17.0863 18.2919 19.5986 21.0151 22.5505 24.2149 26.0192 27.9750 32.3926 40.5047 15 16.0969 17.2934 18.5989 20.0236 21.5786 23.2760 25.1290 27.1521 29.3609 31.7725 37.2797 47.5804 16 17.2579 18.6393 21.8245 23.6575 25.6725 27.8881 30.3243 35.9497 42.7533 55.7175 17 18.4304 20.0121 21.7616 23.6975 25.8404 28.2129 30.8402 33.7502 36.9737 40.5447 48.8837 65.0751 18 19.6147 21.4123 23.4144 25.6454 28.1324 30.9057 33.9990 37.4502 41.3013 45.5992 55.7497 75.8364 19 20.8109 22.8406 25.1169 27.6712 30.5390 33.7600 37.3790 41.4463 46.0185 51.1591 63.4397 88.2118 20 22.0190 24.2974 26.8704 29.7781 36.7856 40.9955 45.7620 51.1601 57.2750 72.0524 102.4436 25 28.2432 32.0303 36.4593 41.6459 47.7271 54.8645 63.2490 73.1059 84.7009 98.3471 133.3339 212.7930 30 34.7849 47.5754 56.0849 66.4388 79.0582 94.4608 113.2832 136.3075 164.4940 241.3327 434.7451 35 41.6603 49.9945 60.4621 73.6522 111.4348 138.2369 172.3168 215.7108 271.0244 431.6635 881.1702 40 48.8864 60.4020 75.4013 95.0255 120.7998 154.7620 199.6351 259.0565 337.8824 767.0914 1,779.0903 "Used to calculate the future value of a series of equal payments made at the end of each period. For example: What is the future value of $4.000 per year for 6 years assuming an annual interest rate of 8%? For (n = 6, i = 8%%), the FV factor is 7.3359. $4.000 per year for 6 years accumulates to $29,343.60 ($4,000 x 7.3359).Spiller Corp. plans to issue 8%, 5-year, $430,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 6% on the date of issue, what will be the total cash proceeds from the bond issue? X Answer is not complete. Table Values are Based on: n = 10 i= 3% Cash Flow Table Value Amount Present Value Present (maturity) value 0.7441 430,000 $ 319,963 Interest (annuity) 17,200 Total cash proceeds
