When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $760,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and 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 at January 1, 2021. 2. Prepare the journal entry to record their issuance by Patey on January 1, 2021. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2021. 5. What is the amount related to the bonds that Patey will report in its balance sheet at December 31, 2021? 6. What is the amount related to the bonds that Patey will report in its income statement for the year ended December 31, 2021? (Ignore income taxes.) 7. Prepare the appropriate journal entries at maturity on December 31, 2024. Req 1 Req 2 Req 3 Req 4 Req 5 and 6 Req 7 Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest Table values are based on: n = i = Cash Flow Amount Present Value Interest Principal Price of bonds Journal entry worksheet 1 Record the issuance of the bonds on January 1, 2021. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Req 1 Req 2 Req 3 Req 4 Req 5 and 6 Req 7 Prepare an amortization schedule that determines interest at the effective rate each period. and final answers to the nearest whole dollar.) Semiannual Interest Period-End Bond Interest Discount Cash Interest Expense Amortization Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 06/30/2024 12/31/2024 Total Journal entry worksheet 1 Record the interest expense on June 30, 2021. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 Req 1 Req 2 Req 3 Req 4 Req 5 and 6 Req 7 What is the amount(s) related to the bonds that Patey will report in its balance sheet at Dec statement for the year ended December 31, 2021? (Ignore income taxes.) (Round intermed to the nearest whole dollar.) 5. December 31, 2021 book value 5. Interest expense for 2021 View transaction list X: > 1 Record the interest expense on December 31, 2024. Record the retirement of the bond at maturity on December 31, 2024. Credit TABLE 1 Future Value of $1 FV - $1(1+1)" ni 1.0% 1.5% 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% 20.0% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 1.07000 1.08000 1.09000 1.10000 L11000 1.12000 1.20000 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 108160 1.09203 1.10250 1.11303 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.44000 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 115763 1.17424 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.72800 4 1.04060 1.06136 1.08243 S 1.05101 1.07728 1.10381 1.12551 1.14752 1.16986 1.19252 121551 1.23882 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 2.07360 1.10408 1.13141 1.15927 1.18769 1.21665 1.24618 1.27628 1.30696 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 2.48832 6 1.06152 1.09344 1.12616 L15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 2.98598 7 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 136086 1.40710 1.45468 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 3.58318 8 1.08286 1.12649 1.17166 1.21840 1.26677 131681 1.36857 1.42210 1.47746 1.53469 1.59385 1.71819 1.85093 1.99256 214359 2.30454 247596 4.29982 9 1.09369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 1.61909 1.68948 1.83846 1.99900 2.17189 2.35795 2.55804 2.77308 5.15978 10 1.10462 1.16054 1.21899 1.28008 1.34392 1.41060 1.48024 1.55297 162889 1.70814 1.79085 1.96715 2.15892 236736 2.59374 2.83942 3.10585 6.19174 11 1.11567 1.17795 1.24337 131209 138423 1.45997 153945 1.62285 1.71034 1.80209 12 1.12683 1.19562 1.26824 134489 1.42576 151107 1.60103 1.69588 1.79S86 1.90121 1.89830 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 743008 2.01220 225219 2.51817 2.81266 3.13843 3 49845 3 89598 8.91610 13 1.13809 1.21355 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 213293 2.40985 2.71962 3.06580 3.45227 3.88328 4.36349 10.69932 14 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.88711 12.83918 15 1.16097 1.25023 1.34587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.39656 2.75903 3.17217 3.64248 4.17725 4.78459 5.47357 15.40702 16 1.17258 1.26899 137279 148451 1.60471 1.73399 1.87298 2.02237 218287 235526 2.54035 2.95216 3.42594 3.97031 4.59497 531089 6.13039 18.48843 17 1.18430 1.28802 140024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 22.18611 18 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 2.85434 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 26.62333 19 1.20811 132695 1.45681 1.59865 1.75351 1.92250 2 10685 2.30786 2.52695 2.76565 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 31.94800 20 1.22019 1.34686 L48595 1.63862 1.80611 1.98979 2.19112 2.41171 2.65330 2.91776 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 38 33760 21 123239 1.36706 151567 1.67958 1.86029 2.05943 2.27877 252024 2.78596 3.07823 3.39956 4.14056 5.03383 6.10881 7.40025 8.94917 10.80385 46.00512 25 1.28243 1.45095 1.64061 1.85394 2.09378 236324 2.66584 3.00543 3.38635 3.81339 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 95.39622 30 1.34785 1.56308 1.81136 2.09757 2.42726 2.80679 3.24340 3.74532 4.32194 4.98395 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 237.37631 40 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 8.51331 10.28572 14.97446 21.72452 31.40942 45 25926 65.00087 93.05097 1469.77160 TABLE 2 Present Value of $1 $1 PV = (1+ M 10% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 45% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1 099010 0.98522 0.98039 097561 0.97087 0.96618 0.96154 095694 095238 094787 0.94340 093458 0.92593 0.91743 0.90909 090090 0.89286 0.83333 2 098030 0.97066 096117 0.95181 0.94260 0.93351 0.92456 0.91573 0.90703 089845 089000 087344 0.85734 084168 0.82645 0.81162 0.79719 0.69444 3 0.97059 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.87630 0.86384 0.85161 0.83962 0.81630 0.79383 0.77218 0.75131 0.73119 0.71178 0.57870 4 096098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 083856 082270 0.80722 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.48225 5 095147 0.92826 090573 0.88385 0. 86261 084197 0.82193 o 80245 0.78353 0.76513 0,74726 071299 0.68058 0,64993 0.62092 0.59345 0.56743 0 40188 6 0.94205 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 8.53464 0.50663 0.33490 7 093272 0.90103 0.82056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 0.51316 048166 0.45235 0.27908 8 092348 0.88771 085349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 043393 0.40388 0.23257 9 091434 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 0.67290 0.64461 0.6176) 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.19381 10 090529 0 86167 O82035 0. 78120 0.74409 0.70892 067556 0 64393 061391 058543 0 55839 0.50835 0 46319 0.42241 038554 035218 032197 0.16151 11 0.39632 0.54893 0.80426 0.76214 0.72242 8.65495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35040 0.31728 0.25748 0.13459 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 O 58966 O.55684 0.52598 0.49697 0.44401 03971I 0,35553 0.31863 0 28584 0.25668 0.11216 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.56427 0.53032 0.49856 0.46884 041496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 14 086996 0 81185 0.75788 0.70773 0.66112 0.61778 057748 0 53997 0.50507 0.47257 044230 0 38782 0.34046 0.29925 0.26333 02199 0.20462 007789 15 0.36135 0.79985 074301 0.69047 0.64186 0.59689 0.55526 0.51672 0.48102 0.44793 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.06491 16 0.85282 0.78803 0,72845 0.67362 0.62317 0.57671 0.53a391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.05409 17 084438 0.77639 071416 0.6572o 0.60502 0.55720 0S1337 0.47318 0.43630 0.40245 037136 0.31657 0.27027 0.23107 0.19784 0.16963 D.14564 0.04507 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 0.38147 035034 0.29586 0.25025 021199 0.17986 0.15282 0.13004 0.03756 19 082774 0.75361 0.68643 0.62553 0.57029 0.52016 047464 0.43330 0 39573 0.36158 033051 0.276st 0.23171 0.19449 0.16351 0.13768 0.11611 0.03130 20 0.81954 0.74247 0.67297 0.61027 0.55368 a.50257 0.45s639 041464 037689 034273 031180 025842 0.21455 0.17843 0.14864 0.12403 0 10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.4S557 0.43883 0.39679 0.35894 0.32486 0.29416 0.24151 0.19866 0.16370 0.13513 0.11174 0.09256 0.02174 24 0,78757 0.69954 0.62172 0.55288 0.49193 0.43796 0.39012 034770 031007 0.27666 0.24698 0.19715 0.15770 0.12640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 042315 0.37512 033273 0.29530 026223 023300 0.18425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 057437 0.50088 0.43708 0.38165 033348 0.29157 025509 0.22332 0.19563 015040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 0.36875 0.32065 0.27902 0.24295 0.21168 0.18456 0.14056 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 e.09938 0.07537 0.05731 0.04368 0.03335 0.00421 31 0.73458 0.63031 0.54125 046511 0.39999 0.34423 029646 0 25550 0.22036 019018 0 16425 0.12277 0.09202 006915 0.05210 0.03935 0.02980 0 003S1 40 0.67165 0.55126 0.45289 037243 0 30656 0.25257 0.20829 0.17193 0.14205 011746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00068 TABLE 3 Future Value of an Ordinary Annuity of $1 (1+1)" - 1 FVA = 1.0% 1.5% 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% 20.0% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 2.0100 2.0150 2.0200 2.0250 2.0300 2.0350 2.0400 2.0450 2.0500 2.0550 2.0600 2.0700 2.0800 2.0900 2.1000 2.1100 2.1200 2.2000 3. 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 3.1370 3.1525 3.1680 3.1836 3.2149 3.2464 3.2781 3.3100 3.3421 33744 3.6400 4.0604 4.0909 4.1216 4.1525 4.1836 4.2149 4.2465 4.2782 43101 4.3423 4.3746 4.4399 4.5061 4.5731 4.6410 4.7097 4.7793 5.3680 5. 5.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 5.4707 5.5256 5.5811 5.6371 5.7507 5.8666 5.9847 6.1051 6.2278 63528 7.4416 6.1520 6.2296 6.3081 6.3877 6.4684 6.5502 6.6330 6.7169 6.8019 6.8881 6.9753 7.1533 7.3359 7.5233 7.7156 7.9129 8.1152 9.9299 72135 73230 7.4343 7.5474 7.6625 7.7794 7.8983 8.0192 8.1420 8.2669 8.3938 8.6540 8.9228 9.2004 9.4872 9.7833 10.0890 12.9159 8.2857 8.4328 8.5830 8.7361 8.8923 9.0517 9.2142 9.3800 9.5491 9.7216 9.8975 10.2598 10.6366 11.0285 11.4359 11.8594 12.2997 16.4991 9.3685 9.5593 9.7546 9.9545 10.1591 10.3685 10.5828 10.8021 11.0266 11.2563 11.4913 11.9780 12.4876 13.0210 13.5795 14.1640 14.7757 20.7989 10 10.4622 10.7027 10.9497 11.2034 11.4639 11.7314 12.0061 12.2882 12.5779 12.8754 13.1808 13.8164 14.4866 15.1929 15.9374 16.7220 17.5487 25.9587 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 12 12.6825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 13.8412 14.2068 14.5835 14.9716 15.7836 16.6455 17.5603 18.5312 19.5614 20.6546 32.1504 15.4640 15.9171 163856 16.8699 17.8885 18.9771 20.1407 21.3843 22.7132 24.1331 39 5805 13 13.8093 14.2368 14.6803 15.1404 15.6178 16.1130 16.6268 17.1599 17.7130 18.2868 18.8821 20.1406 21.4953 22.9534 24.5227 26.2116 28.0291 48.4966 14 14.9474 15.4504 15.9739 16.5190 17.0863 17.6770 18.2919 18.9321 19 5986 20.2926 21.0151 22 550S 24.2149 26.0192 27.9750 30.0949 32.3926 $9.1959 15 16.0969 16.6821 17.2934 17.9319 18.5989 19.2957 20.0236 20.7841 21.5786 22.4087 23.2760 25.1290 27.1521 29.3609 31.7725 34.4054 37.2797 72.0351 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.8245 22.7193 23.6575 24.6411 25.6725 27.8881 30.3243 33.0034 35.9497 39.1899 42.7533 87.4421 17 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 24.7417 25.8404 26.9964 28.2129 30.8402 33.7502 36.9737 40.5447 44.5008 48.8837 105.9306 18 19.6147 20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 26.8551 28.1324 29.4812 30.9057 33.9990 37.4502 41.3013 45.5992 50.3959 55.7497 128.1167 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 29.0636 30.5390 32.1027 33.7600 37.3790 41.4463 46.0185 51.1591 S6 9395 63 4397 154.7400 20 22.0190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 31.3714 33.0660 34.8683 36.7856 40.9955 45.7620 51.1601 57.2750 64.2028 72.0524 186.6880 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.2695 31.9692 33.7831 35.7193 37.7861 39.9927 44.8652 50.4229 56.7645 64.0025 72.2651 81.6987 225.0256 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.0849 61.0071 66.4388 72.4355 79.0582 94.4608 113.2832 136.3075 164.4940 199.0209 241.3327 1181.8816 40 48 8864 54.2679 60 4020 67.4026 75.4013 84.5503 95.0255 107.0303 120.7998 136.6056 154.7620 199.6351 259.0565 337.8824 442.5926 581.8261 767.0914 7343.8578 TABLE 4 Present Value of an Ordinary Annuity of $1 1 PVA 1.0% 1.5% 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% 1.0% 12.0% 20.0% 0.99010 0.98522 0.98039 0.97561 0.97087 0,96618 0.96154 095694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 1.97040 1.95588 1.94156 1.92742 1.91347 1.89969 1.88609 1.87267 1.85941 1.84632 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.52778 2.94099 2.91220 2.88388 2.85602 2.82861 2.80164 2.77509 2.74896 2.72325 2.69793 2.67301 2.62432 2.57710 2.53129 2.48685 2.44371 2.40183 2.10648 4 3.90197 3.85438 3.80773 3.76197 3.71710 3.67308 3.62990 3.58753 3.54595 3.50515 3.46511 3.38721 3.31213 3.23972 3.16987 3.10245 3.03735 2.55873 4.85343 4.78264 4.71346 4.64583 4.57971 4.51505 4.45182 4.38998 4.32948 4.27028 4.21236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 2.99061 5.79548 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.ll141 3.32551 6.72819 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 3.60459 7.65168 7.48593 7.32548 7.17014 7.01969 6.87396 6.73274 659589 6.46321 6.33457 6.20979 5.97130 5,74664 5.53482 5.33493 5.14612 4.96764 3.83716 8.56602 8.36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 695220 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 532825 4,03097 10 947130 9.22218 8.98259 8.75206 8.53020 8.31661 8.11090 791272 7.72173 753763 7.36009 7.02358 6.71008 641766 6.14457 5.88923 5.65022 4.19247 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52892 8.30641 8.09254 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 4.32706 12 11.25508 10.90751 10.57534 10.25776 9.95400 9.66333 9.38507 9.11858 8.86325 8.61852 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 4.43922 13 12.13374 11.73153 11.34837 10.98319 10.63496 10.30274 9.98565 9.68285 939357 9.11708 8.85268 8.35765 7.90378 7.48690 7.10336 6,74987 6.42355 4.53268 14 13.00370 12.54338 12.10625 11.69091 11.29607 10.92052 10.56312 10.22283 9.89864 9.58965 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 4.61057 15 13.86505 13.34323 12.84926 12 38138 11.93794 11.51741 11.11839 10.73955 10.37966 10.03758 9.71225 9 10791 8.55948 8.06069 7.60608 7.19087 6.81086 4.67547 16 14.71787 14.13126 13.5777 13.05500 12.56110 12.09412 1.65230 11.23402 10.83777 10.46216 10.10590 9.44665 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 16 39827 15.67256 14.99203 14.35336 13.75351 13.18968 12.65930 12.15999 11.68959 11 24607 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 724967 4.81219 19 17.22601 16.42617 15.67846 14.97889 14.32380 13.70984 13.13394 12.59329 12.08532 11 60765 11 15812 10 33560 9.60360 8 95011 8.36492 7.83929 7.36578 4.84350 20. 18.04555 17.16864 16.35143 15.58916 14.87747 14.21240 13.59033 13.00794 12.46221 1195038 11.46992 10.59401 9.81815 9.1285S 8.51356 7.96333 7.46944 4.86958 21 18.85698 17.90014 17.01121 16.18455 15.41502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76408 10.83553 10.01680 9.29224 8.64869 8.07507 7.56200 4.89132 25 22.02316 20.71961 19.52346 18.42438 17.41315 16.48151 15.62208 14.82821 14.09394 13.41393 12.78336 11.65358 10.67478 9.82258 9.07704 8.42174 7.84314 4.94759 30 25.80771 24.01584 22.39646 20.93029 19.60044 18.39205 17.29203 16.28889 15.37245 14.53375 13.76483 12.40904 11.25778 10.27365 9.42691 8.69379 8.05518 4.97894 40 32.83469 29.91585 27.35548 25.10278 23.11477 2135507 19.79277 1840158 17.15909 16.04612 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 824378 4.99660 TABLE 5 Future Value of an Annuity Due of $1 [(1+i)" -1 FVAD = x (1+1) 1.0% 1.5% 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% 20.0% 1 1.0100 1.0150 1.0200 1.0250 1.0300 1.0350 1.0400 1.0450 1.0500 1.0550 1.0600 1.0700 1.0800 1.0900 1.1000 1.1100 1.1200 1.2000 2 2.0301 2.0452 2.0604 2.0756 2.0909 2.1062 2.1216 2.1370 2.1525 2.1680 2.1836 2.2149 2.2464 2.2781 2.3100 2.3421 2.3744 2.6400 3. 3.0604 3.0909 3.1216 3.1525 3.1836 3.2149 3.2465 3.2782 33101 3.3423 3.3746 3.4399 3.5061 3.5731 3.6410 3.7097 3.7793 4.3680 4.1010 4.1523 4.2040 4.2563 4.3091 4.3625 44163 4.4707 4.5256 4.5811 4.6371 4.7507 4.8666 4.9847 5.1051 5.2278 5.3528 6.4416 5.1520 5.2296 5.3081 5.3877 5.4684 5.5502 5.6330 5.7169 5.8019 5.8881 5.9753 6.1533 63359 6.5233 6.7156 6.9129 7.1152 8.9299 6.2135 6.3230 6.4343 6.5474 6.6625 6.7794 6.8983 7.0192 7.1420 7.2669 7.3938 7.6540 7.9228 8.2004 8.4872 8.7833 9.0890 11.9159 7. 7.2857 74328 7.5830 7.7361 7.8923 8.0517 8.2142 83800 8.5491 8.7216 8.8975 9.2598 9.6366 10.0285 10.4359 10.8594 11.2997 15.4991 8.3685 8.5593 8.7546 8.9545 9.1591 9.3685 9.5828 9 8021 10.0266 10.2563 10.4913 10.9780 11.4876 12.0210 12.5795 13.1640 13.7757 19.7989 6. 9.4622 9.7027 9.9497 10.2034 10.4639 10.7314 11.0061 11.2882 11.5779 11.8754 12.1808 12.8164 13.4866 14.1929 14.9374 15.7220 16.5487 24.9587 10 10.5668 10 8633 11.1687 114835 11.8078 121420 12.4864 12.8412 13.2068 13.5835 13.9716 14.7836 15,6455 16.5603 17.5312 18.5614 19.6546 31.1504 11 11.6825 12.0412 12.4121 12.7956 13.1920 13.6020 14.0258 14.4640 14.9171 15.3856 15.8699 16.8885 17.9771 19.1407 20.3843 21.7132 23.1331 38.5805 12 12.8093 13.2368 13.6803 14.1404 14.6178 15.1130 15.6268 16.1599 16.7130 17.2868 17.8821 19.1406 20.4953 21.9534 23.5227 25.2116 27.0291 47.4966 13 13.9474 14.4504 14.9739 15.5190 16.0863 16.6770 17.2919 17.9321 18.5986 19.2926 20.0151 21.5505 23.2149 25.0192 26.9750 29.0949 31.3926 58.1959 14 15.0969 15.6821 16.2934 16.9319 17.5989 18.2957 19.0236 19.7841 20.5786 21.4087 22 2760 24.1290 26.1521 28.3609 30.7725 33.4054 36 2797 71.0351 15 16.2579 16.9324 17.6393 18.3802 19.1569 19.9710 20.8245 21.7193 22.6575 23.6411 24.6725 26.8881 29.3243 32.0034 34.9497 38.1899 41.7533 86.4421 16 17.4304 18.2014 19.0121 19.8647 20.7616 21.7050 22.6975 23.7417 24.8404 25.9964 27.2129 29.8402 32.7502 35.9737 39.5447 43.5008 47.8837 104.9306 17 18.6147 19.4894 20.4123 21 3863 22.4144 23.4997 24.6454 25.8551 27.1324 28.4812 29.9057 32 9990 36.4502 40.3013 44.5992 49.3959 54.7497 127.1167 18 19.8109 20.7967 21.8406 229460 24.1169 25.3572 26.6712 28.0636 29.5390 31.1027 32.7600 36.3790 40.4463 45.0185 50.1591 55.9395 62.4397 153.7400 19 21.0190 22 1237 23.2974 24.5447 258704 27.2797 28.7781 30.3714 32.0660 33.8683 35.7856 39.9955 44.7620 50.1601 56.2750 63.2028 71.0524 185.6880 20 22.2392 23.4705 24.7833 26.1833 27.6765 29.2695 30 9692 32.7831 34.7193 36.7861 38.9927 43.8652 49.4229 55.7645 63.0025 71.2651 80. 6987 224.0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.3289 33.2480 35.3034 37.5052 39.8643 42.3923 48.0057 54.4568 61.8733 70.4027 80.2143 91.5026 270.0307 25 28.5256 30.5140 32.6709 35.0117 37.5530 40.3131 43,3117 46.5706 50.1135 53.9660 58.1564 67.6765 78.9544 92.3240 108.1818 126.9988 149.3339 566.3773 30 35.1327 38 1018 41.3794 45.0003 49.0027 53.4295 58.3283 63.7524 69.7608 76.4194 83.8017 101.0730 122.3459 148.5752 180.9434 220.9132 270.2926 1418.2579 40 49.3752 55.0819 61.6100 69.0876 77.6633 87.5095 98.8265 111.8467 126.8398 144.1189 164.0477 213.6096 279.7810 368 2919 486 8518 645.8269 859.1424 88126294 TABLE 6 Present Value of an Annuity Due of $1 (1+" PVAD = * (1+1) 1.0% 1.5% 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 20.0% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.99010 1.98522 1.98039 1.97561 1.97087 1.96618 1.96154 1.95694 1.95238 1.94787 1.94340 1.93458 1.92593 1.91743 1.90909 190090 1.89286 183333 3. 2.97040 2.95588 2.94156 2.92742 2.91347 2.89969 2.88609 2.87267 2.85941 2.84632 2.83339 2.80802 2.78326 2.75911 2.73554 2.71252 2.69005 252778 4. 3.94099 3.91220 3.88388 3.85602 3.82861 3.80164 3.77509 3.74896 3.72325 3.69793 3.67301 3.62432 3.57710 3.53129 348685 3.44371 3.40183 3.10648 4.90197 4.85438 4.80773 4.76197 4.71710 4.67308 4.62990 4.58753 4.54595 4.50515 4.46511 4.38721 431213 4.23972 4.16987 4.10245 4.03735 3.58873 5.85343 5.78264 5.71346 5.64583 5.57971 5.51505 5.45182 5.38998 5.32948 5.27028 5.21236 5.10020 4.99271 4.88965 4.79079 4.69590 4.60478 3.99061 7. 6.79548 6.69719 6.60143 6.50813 6.41719 6.32855 6 24214 6.15787 6.07569 5.99553 5.91732 5.76654 5,62288 S 48592 5.35526 5230S4 5.11141 432551 7.72819 7.59821 7.47199 7.34939 7.23028 711454 7.00205 6.89270 6.78637 6.68297 6.58238 6.38929 6.20637 6.03295 5.86842 5.71220 5.56376 4.60459 6. 8.65168 8.48593 8.32548 8.17014 8.01969 7.87396 7.73274 7.59589 7.46321 7.33457 7.20979 6.97130 6.74664 6.53482 6.33493 6.14612 5.96764 4.83716 10 9 56602 9.36052 9.16224 8.97087 8.78611 8.60769 8.43533 8 26879 8.10782 7.95220 7.80169 7.51523 7.24689 6 99525 6.75902 6.5370s 6 32825 5.03097 11 10.47130 10.22218 9.98259 9.75206 9.53020 9.31661 9.11090 8.91272 8.72173 8.53763 8.36009 8.02358 7.71008 7.41766 7.14457 6.88923 6.65022 5.19247 12 11.36763 11.07112 10.78685 10.51421 10.25262 10.00155 9.76048 9.52892 9.30641 9.09254 8.88687 8.49867 8.13896 7.8OS19 749506 720652 6.93770 5.32706 13. 1225508 11.90751 11.57534 11.25776 10.95400 10.66333 10 38507 10.11858 9.86325 9.61852 9.38384 8.94269 8.53608 8.16073 7.81369 7.49236 7.19437 S.43922 14 13.13374 12.73153 1234837 11.98318 11.63496 11.30274 10.98565 10.68285 10.39357 10.11708 9.85268 9.35765 8.90378 8.48690 8.10336 7.74987 7.42355 5.53268 15 14.00370 13.54338 13.10625 12.69091 12.29607 11.92052 11 56312 11.22283 10. 89864 10.58965 10.29498 9.74547 9.24424 8.78615 8.36669 798187 7.62817 5.61057 16 14.86505 14.34323 13.84926 13.38138 12.93794 12.51741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10791 9.55948 9.06069 8.60608 8.19087 7.81086 5.67547 17 15.71787 15,13126 14.57771 14.05500 13.56110 13.09412 12.65230 12.23402 11.83777 11.46216 11.10590 10.44665 9.85137 9.31256 8.82371 837916 797399 5.72956 18 16.56225 15.90765 15.29187 14.71220 14.16612 13.65132 13.16567 12.70719 1227407 11.86461 11.47726 10.76322 10,12164 9.54363 9.02155 8.54879 8.11963 5.77463 19 17.39827 16.67256 15.99203 15.35336 14.75351 14.18968 13.65930 13.15999 12.68959 12.24607 11.82760 11.05909 10.37189 9.75563 9.20141 8.70162 8.24967 5.81219 20 18.22601 17.42617 16 67846 15.97889 15.32380 14.70984 14.13394 1359329 13.08532 12.60765 12.15812 11.33560 10.60360 995011 936492 8.83929 8.36578 5.84350 21 19.04555 18.16864 17.35143 16.58916 15.87747 15.21240 14.59033 14.00794 13.46221 12.95038 12.46992 11.59401 10.81815 10.12855 9.51356 8.96333 8.46944 5.86958 25 22 24339 21.03041 19.91393 18.88499 1793554 17.05837 16 24696 15.49548 14.79864 14.15170 13.55036 12.46933 11.52876 10.70661 9.98474 934814 8.78432 593710 30 26.06579 24.37608 22.84438 21.45355 20.18845 19.03577 17.98371 1702189 16 14107 1533310 14.59072 13.27767 12.15841 11.19828 10.36961 9.65011 9.02181 597472 40 33.16303 30.36458 2790259 25.73034 23.80822 22.10250 20.58448 19.22966 18.01704 16.92866 15.94907 14.26493 12.87858 11.72552 10.75696 9.93567 9.23303 5.99592