ZuoTi.Pro
Question

Donas issued at Par Illustration Three year bonds are issued at face valu of $100,000 on Jan. 1, 2007, with a stated interest

what tables i should use to find 2.57710? thanks

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Solution:

Question: what tables i should use to find 2.57710 ?

Answer : Present Value of Annuity Table of $1 ( 3 Years, @ 8% )

Year Present Value Factor @ 8%
1 0.92593
2 0.85734
3 0.79383
Total 2.57710
0 0
Add a comment
Know the answer?
Add Answer to:
what tables i should use to find 2.57710? thanks Donas issued at Par Illustration Three year...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Illustration #1 - BOND issued @ PAR Collandra Co. issues $100,000 Bond on Jan 1, 2020,...

    Illustration #1 - BOND issued @ PAR Collandra Co. issues $100,000 Bond on Jan 1, 2020, dae in 5 years on Dec 31, 2024 with 7% stated interest rate payable annually a year-end. At the time of issue, the market rate for such boods is also 7% D. Prepare the Joumal entry for the issuance of the band, subsequent payments of interest and motivation of discounts, and final payment of the principal Date Accounts Debe Cerdit Jan 1, 2010 Dec...

  • Q.1 Three year bonds are issued at face value of SR100,000 on Jan. 1, 2007, a...

    Q.1 Three year bonds are issued at face value of SR100,000 on Jan. 1, 2007, a stated interest rate of 8%, and market rate of 8%. Q.2 STC Company issues at par 10 years' term bonds with a par value of SR 800,000, dated January 1, 2007, and bearing interest at an annual rate of 10% payable semi-annually on January 1 and July1. Pass necessary entries for one year in the books of STC. Q.3 Three year bonds are issued...

  • Q.6 Three year bonds are issued at face value of SR 100,000 on Jan. 1, 2007,...

    Q.6 Three year bonds are issued at face value of SR 100,000 on Jan. 1, 2007, and a stated interest rate of 8%. Calculate the issue price of the bonds assuming a market interest rate of 6%. The present value of SR 1 is .83962 at 6% after 3 years and the present value of an ordinary annuity of SR 1 is 2.67301 at 6% after 3 years. Q.7. Three year 8% bonds of SR 100,000 issued on Jan. 1,...

  • D. Prepare the Journal entry for the issuance of the band subsequent payments of interest and...

    D. Prepare the Journal entry for the issuance of the band subsequent payments of interest and amortization of discounts, and final payment of the principal Date Accounts Debit Jan 1, 2020 Illustration #3 - BOND issued @ PREMIUM Tyriel Co. issues $100,000 Hond on Jan 1, 2020, due in 5 years on Dec 31, 2024 with 7% stated interest rate payable annually at year-end. At the time of issue, the market rate for such bonds is 5% A. Compute the...

  • Q.3 Three year bonds are issued at face value of SR 100, 000 on Jan. 1,...

    Q.3 Three year bonds are issued at face value of SR 100, 000 on Jan. 1, 2007, at a stated interest rate of 8%. Calculate the issue price of the bonds assuming a market interest rate of 10%. The present value of SR 1 is .75132 at 10% after 3 years and the present value of an ordinary annuity of SR 1 is 2.48685 at 10% after 3 years. Prepare discount amortization table and journal entries for three years.

  • Bond Pricing Using Tables Bond Pricing Using Tables 1. Calculate the price of a bond using...

    Bond Pricing Using Tables Bond Pricing Using Tables 1. Calculate the price of a bond using tables. D Bond Pricing - Excel 7 - X . . HOME FILE INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in B T U . A Alignment Number - Cells Editing Paste Clipboard A1 3- Font Conditional Format as Cell Formatting Table Styles Styles X 1 On January 1, Ruiz Company issued bonds as follows: 1 On January 1, Ruiz Company issued bonds...

  • D. Prepare the Journal entry for the issuance of the bond, subsequent payments of interest and...

    D. Prepare the Journal entry for the issuance of the bond, subsequent payments of interest and amortization of discounts, and final payment of the principal Illustration #2 - BOND issued @ DISCOUNT Sarish Co. issues $100,000 Bond on Jan 1, 2020, due in 5 years on Dec 31, 2024 with 7% stated interest rate payable annually at year-end. At the time of issue, the market rate for such hones is 9% A. Compute the present value of the bond IV...

  • 1. On January 1, Year 1, Price Co. issued $393,000 of five-year, 6 percent bonds at...

    1. On January 1, Year 1, Price Co. issued $393,000 of five-year, 6 percent bonds at 95. Interest is payable annually on December 31. The discount is amortized using the straight-line method.    Required Prepare the journal entries to record the bond transactions for Year 1 and Year 2. - Record the entry for issuance of bonds -Record the entry for recognizing interest expense on Dec. 31, Year 1 -Record the entry for recognizing interest expense on Dec. 31, Year...

  • EA2. LO 13.1 Beluga Inc. issued 10-year bonds with a face value of $100,000 and a...

    EA2. LO 13.1 Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5. What was the sales price of the bonds? Were they issued at a discount, a premium, or at par? EA3. LO 13.1 Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the market rate was...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT