Use the following tables to calculate the present value of a $389,000 9%, 5-year bond that...
Use the following tables to calculate the present value of a $389,000 9%, 5-year bond that pays $35,010 interest annually, if the market rate of interest is 10%. Round to the nearest dollar. Present Value of $1 at Compound Interest
Homework Answers
Present value is calculated using the PV Function as:-
=PV(rate,nper,pmt,fv)
=PV(10%,5,35010,389000)
=374254
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Use the following tables to calculate the present value of a
$389,000 9%, 5-year bond that...
Use the following tables to calculate the present value of a $506,000 @ 5%, 5-year bond...
Use the following tables to calculate the present value of a $506,000 @ 5%, 5-year bond that pays $25,300 interest annually, if the market rate of interest is 10%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 6% 94340 Periods 5% 6% 7% 10% | Periods 5% 10% 95238 .94340 .93458.909091 90703 .89000 .87344 .826452 86384 .83962 .81630 751313 82270 .79209.76290 683014 78353 74726 .71299 .62092 74622 70496 .66634.56447 71068 .66506 .62275 .51316...
nmen Use the following tables to calculate the present value of a $342,000-5%, 6-year bond that...
nmen Use the following tables to calculate the present value of a $342,000-5%, 6-year bond that pays $17,100 interest annually, if the market rate of interest is 69, Round to the nearest dollar. Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10%: Periods 5% 6% 7% 10% 90909 2 1.85941 1.83339 1.80802 1.73554 3 86384 83962 .81630 751313 2.72325 2.67301 2.62432 2.48685 3.54595 3.46511 3.38721 3.16987 5 4.32948 4.21236 4.10020 3.79079 6 .7 6...
Calculator 82545 Use the following tables to calculate the present value of a $121,000 o 5%,...
Calculator 82545 Use the following tables to calculate the present value of a $121,000 o 5%, 6-year bond that pays $6,050 interest annually, if the market rate of interest is 5%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% Periods 79% .95238 94340 93458 90909 95238 94340 93458 90909 .90703 89000 87344 1.83339 1.80802 1.73554 .8638483962 .81630 75131 2.72325 2.67301 2.62432 2.48685 .82270 79209 76290 .68301 3.54595 3.46511...
please show all steps Calculator Use the following tables to calculate the present value of a...
please show all steps
Calculator Use the following tables to calculate the present value of a $245,000 @ 5%, 5-year bond that pays $12,250 interest annually, if the market rate of interest is 10%. Round to the nearest dollar. Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% ! Periods 5% 6% 7% 10% 95238 94340 93458 90909 1 95238 94340 93458 .90909 2 9070389000 87344 82645 : 2 1.85941 1.83339 1.80802 1.73554 2...
Use the present value tables to calculate the issue price of a $500,000 bond issue in...
Use the present value tables to calculate the issue price of a $500,000 bond issue in each of the following independent cases. Assume that the bond was issued on January 1, 2010 and that interest is paid quarterly on March 31, June 30 September 30 and December 31. A)A 10-year, 8 percent bond issue; the market interest rate is 12 percent B)A 10-year, 12 percent bond issue; the market interest rate is 8 percent C)A 5-year, 12 percent bond issue;...
Fill in the tables Use present value tables to compute the present value of $660,000 to...
Fill
in the tables
Use present value tables to compute the present value of $660,000 to be paid in 20 years, with an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.) Table Function: Future Value: Present Value: Use present value tables to compute the present value of 20 equal...
Bond discount, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Fi...
Bond discount, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $43,768,920. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the...
Exercise A3-11 Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator,...
Exercise A3-11 Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator, to complete the requirements below. Required: Round your answers to the nearest cent. a. Determine the future value of a single cash flow of $5,000 that earns 7% interest compounded annually for 10 years. $ b. Determine the future value of an annual annuity of 10 cash flows of $500 each that earns 7% compounded annually. $ c. Determine the present value of $5,000...
Bond discount, entries for bonds payable transactions ! Journal Instructions Present Value Tables Chart of Accounts...
Bond discount, entries for bonds payable transactions ! Journal Instructions Present Value Tables Chart of Accounts !Final Questions X Instructions On July 1, 20Y1, Danzer Industries Inc. issued $30,000,000 of 10-year, 11% bonds at a market (effective) interest rate of 12% , receiving cash of $28,279,368. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash...
Chapter 9 Homework Submit your answers in CANVAS before it is due USE THE PV Factor Tables (located in Module 8 in...
Chapter 9 Homework Submit your answers in CANVAS before it is due USE THE PV Factor Tables (located in Module 8 in Canvas) or the TI BAll Plus Financial Calculator to answer the following questions relating to the time value of money. Use the following to answer questions 1-3 (Round answers to the nearest dollar) BA Corp issues 6.0%, 5-year bonds with a total face amount of $500,000. The market interest rate for bonds of similar risk and maturity is...
Use the following tables to calculate the present value of a $506,000 @ 5%, 5-year bond that pays $25,300 interest annually, if the market rate of interest is 10%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 6% 94340 Periods 5% 6% 7% 10% | Periods 5% 10% 95238 .94340 .93458.909091 90703 .89000 .87344 .826452 86384 .83962 .81630 751313 82270 .79209.76290 683014 78353 74726 .71299 .62092 74622 70496 .66634.56447 71068 .66506 .62275 .51316...
nmen Use the following tables to calculate the present value of a $342,000-5%, 6-year bond that pays $17,100 interest annually, if the market rate of interest is 69, Round to the nearest dollar. Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10%: Periods 5% 6% 7% 10% 90909 2 1.85941 1.83339 1.80802 1.73554 3 86384 83962 .81630 751313 2.72325 2.67301 2.62432 2.48685 3.54595 3.46511 3.38721 3.16987 5 4.32948 4.21236 4.10020 3.79079 6 .7 6...
Calculator 82545 Use the following tables to calculate the present value of a $121,000 o 5%, 6-year bond that pays $6,050 interest annually, if the market rate of interest is 5%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% Periods 79% .95238 94340 93458 90909 95238 94340 93458 90909 .90703 89000 87344 1.83339 1.80802 1.73554 .8638483962 .81630 75131 2.72325 2.67301 2.62432 2.48685 .82270 79209 76290 .68301 3.54595 3.46511...
please show all steps
Calculator Use the following tables to calculate the present value of a $245,000 @ 5%, 5-year bond that pays $12,250 interest annually, if the market rate of interest is 10%. Round to the nearest dollar. Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% ! Periods 5% 6% 7% 10% 95238 94340 93458 90909 1 95238 94340 93458 .90909 2 9070389000 87344 82645 : 2 1.85941 1.83339 1.80802 1.73554 2...
Fill
in the tables
Use present value tables to compute the present value of $660,000 to be paid in 20 years, with an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided and final answer to the nearest whole dollar amount.) Table Function: Future Value: Present Value: Use present value tables to compute the present value of 20 equal...
Bond discount, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $43,768,920. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the...
Bond discount, entries for bonds payable transactions ! Journal Instructions Present Value Tables Chart of Accounts !Final Questions X Instructions On July 1, 20Y1, Danzer Industries Inc. issued $30,000,000 of 10-year, 11% bonds at a market (effective) interest rate of 12% , receiving cash of $28,279,368. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash...
Chapter 9 Homework Submit your answers in CANVAS before it is due USE THE PV Factor Tables (located in Module 8 in Canvas) or the TI BAll Plus Financial Calculator to answer the following questions relating to the time value of money. Use the following to answer questions 1-3 (Round answers to the nearest dollar) BA Corp issues 6.0%, 5-year bonds with a total face amount of $500,000. The market interest rate for bonds of similar risk and maturity is...
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