Present value of the principal = value x Factor
= 220000 x 0.582 = $128,040
Present value of the stated interest = (value*semiannual interest rate)*Factor
= (220000*6%)*5.971 = $78817
Present value of Bonds payable = 128040+78817 = $206,857
12A. On December 31, 2018, when the market interest rate is 14%, Derrick Corporation issues $220,000...
2. 12A. On December 31, 2018, when the market interest rate is 10%, Armstrong Corporation issues $200,000 of 9%, 4-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Click the icon to view Present Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) 5 (Click the icon to view Future Value of Ordinary...
12A. On December 31, 2018, when the market interest rate is 10%, Gilbert Corporation issues $200,000 of 6%, 4-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. E(Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1...
12A. On December 31, 2018, when the market interest rate is 16%, Carter Corporation issues $150,000 of 6%, 14-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Click the icon to view Present Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of...
can someone please help (cant fit the tables in this post) A. On December 31, 2018, when the market interest rate is 8%, Armstrong Corporation issues 260,000 of 5%, 8-year bonds payable. The bonds pay interest miannually. Determine the present value of the bonds at issuance. (Click the icon to view Present Value of $1 table) Click the icon to view Present Value of Ordinary Annuity of S1 table.) (Click the icon to view Future Value of $1 table.) (Click...
On December 31, 2018, when the market interest rate is 12%, Benson Realty issues $600,000 of 9.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Round all currency amounts to the nearest whole dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to...
12A. On December 31, 2018, when the market interest rate is 10%, Derrick Corporation issues $240,000 of 7%, 12-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. (Click the icon to view Present Value of $1 table.) 6 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) 6 (Click the icon to view Future Value of Ordinary Annuity...
12A. On December 31, 2018, when the market interest rate is 10%, Gilbert Corporation issues $200,000 of 6 %, 4-year bonds payable. The bonds pay interest semiannually. Determnine the present value of the bonds at issuance. Click the icon to view Present Value of $1 table.) Click the icon to view Present Val Reference (Click the icon to view Future Value of $1 table.) (Click the ioon to view Future Valu Start by calculating the present value of the principal....
P12AB-38A (similar to) Que 2018, when the market interest rate is 16%, the company issues $200,000 of the bonds. The bonds pay interest semiannually. Calming. Inc. is authorized to issue 14%, 10-year bonds payable. On January (Click the icon to view Present Value of $1 table.) (Click the ioon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of...
Nathan Renick, Inc. issued $400,000 of 14%, 12-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 12%, and the bonds pay interest semiannually. (Click the icon to view Present Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 2 (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read...
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 table.) 5 (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Determine the present value of 10-year bonds payable with face value of $87,000 and...