Present and future value tables of 1 at 11% are presented below. PV of $1 FV...
Present and future value tables of 1 at 11% are presented
below.
| PV of $1 | FV of $1 | PVA of $1 | FVA of $1 | |
| 1 | 0.90090 | 1.11000 | 0.90090 | 1.0000 |
| 2 | 0.81162 | 1.23210 | 1.71252 | 2.1100 |
| 3 | 0.73119 | 1.36763 | 2.44371 | 3.3421 |
| 4 | 0.65873 | 1.51807 | 3.10245 | 4.7097 |
| 5 | 0.59345 | 1.68506 | 3.69590 | 6.2278 |
| 6 | 0.53464 | 1.87041 | 4.23054 | 7.9129 |
|
Polo Publishers purchased a multi-color offset press with terms of $80,000 down and a noninterest-bearing note requiring payment of $60,000 at the end of each year for two years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: |
Homework Answers
| Year | Payment | PVF at 11% | Present value | |
| 0 | 80000 | 1 | 80000 | |
| 1 | 60000 | 0.9009 | 54054 | |
| 2 | 60000 | 0.81162 | 48697.2 | |
| Price of Press | 182751.2 | |||
| Answer is $ 182751.20 | ||||
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Present and future value tables of 1 at 11% are presented
below.
PV of $1
FV...
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 1 0.90090...
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 1 0.90090 1.11000 0.90090 1.0000 2 0.81162 1.23210 1.71252 2.1100 3 0.73119 1.36763 2.44371 3.3421 4 0.65873 1.51807 3.10245 4.7097 5 0.59345 1.68506 3.69590 6.2278 6 0.53464 1.87041 4.23054 7.9129 Spielberg Inc. signed a $150,000 noninterest-bearing note due in two years from a production company eager to do business. Comparable borrowings have carried an 11% interest...
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 1 0.90090...
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 1 0.90090 1.11000 0.90090 1.0000 2 0.81162 1.23210 1.71252 2.1100 3 0.73119 1.36763 2.44371 3.3421 4 .65873 1.51807 3.10245 4.7097 5 0.59345 1.685061 3.69590 6.2278 | 6 | 0.53464 1.87041 | 4.23054 7.9129 Titanic Corporation leased executive limousines under terms of $20,000 to be paid at the inception of the lease, and four equal annual payments...
Present and future value tables of $1 at 11% are presented below. 1 2 3 PV...
Present and future value tables of $1 at 11% are presented below. 1 2 3 PV of $1 FV of $1 PVA of $1 EVA of $1 8.98e90 1.11000 0.90090 1.000e 0.81162 1.23210 1.71252 2.110e 0.73119 1.36763 2.44371 3.3421 0.65873 1.51807 3.10245 4.7097 3.59345 1.68506 3.69590 6.2278 0.53464 1.87841 4.23854 7.9129 4 5 6 On October 1, 2021, Justine Company purchased equipment from Napa Inc. in exchange for a noninterest-bearing note payable in two equal annual payments of $630,000, beginning...
#5 #7 Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds,...
#5
#7
Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest 10% 0.90909 Periods 1 2 3 4 5 6 7 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069...
Present Value of Bonds Payable; Premium Moss Co. issued $710,000 of four-year, 12% bonds, with...
Present Value of Bonds Payable; Premium Moss Co. issued $710,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. $ Exhibit 5 Present Value of $1 at Compound Interest 5% 572% 7% 10% Periods 1 2 3 4 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259...
Present Value of Bonds Payable; Premium Moss Co. issued $480,000 of five-year, 11% bonds, with interest...
Present Value of Bonds Payable; Premium Moss Co. issued $480,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest Periods NMONO 4% 47% 0.96154 0.956940 0.92456 0.915730 0.88900 0.876300 0.85480 0.838560 0.82193 0.802450 0.79031 0.767900 0.75992 0.734830 0.73069 0.703190 0.702590.672900...
Present Value of Bonds Payable; Premium Moss Co. issued $820,000 of five-year, 12% bonds, with interest...
Present Value of Bonds Payable; Premium Moss Co. issued $820,000 of five-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 4%2% 0.96154 0.956940 0.92456 0.915730 0.88900 0.876300 0.85480 0.838560 0.82193 0.802450 0.79031 0.767900 0.75992 0.734830 0.73069 0.703190 0.702590.672900 0.67556...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.09000 0.91743 1.0900 1.0000 2 0.84168 1.18810 1.75911 2.2781 2.0900 3 0.77218 1.29503 2.53129 3.5731 3.2781 4 0.70843 1.41158 3.23972 4.9847 4.5731 5 0.64993 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.48592 8.2004 7.5233 How much must be invested now at 9% interest to accumulate to $21,000 in four years?
Present and future value tables of $1 at 9% are presented below. PV of $1 FV...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.09000 0.91743 1.0900 1.0000 2 0.84168 1.18810 1.75911 2.2781 2.0900 3 0.77218 1.29503 2.53129 3.5731 3.2781 4 0.70843 1.41158 3.23972 4.9847 4.5731 5 0.64993 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.48592 8.2004 7.5233 How much must be deposited at the beginning of each year to accumulate to $19,000 in...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.090000 .91743 1.0900 1.0000 20 .84168 1.188101.75911 2.27812.0900 | 3 0.77218 | 1.295032.53129 3.5731 3.2781 40 .70843 | 1.41158 3.239724.98474.5731 5 0.64993 | 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.485921 8.2004 17.5233 Claudine Corporation will deposit $6,300 into a money market sinking fund at the end of each year for...
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 1 0.90090 1.11000 0.90090 1.0000 2 0.81162 1.23210 1.71252 2.1100 3 0.73119 1.36763 2.44371 3.3421 4 .65873 1.51807 3.10245 4.7097 5 0.59345 1.685061 3.69590 6.2278 | 6 | 0.53464 1.87041 | 4.23054 7.9129 Titanic Corporation leased executive limousines under terms of $20,000 to be paid at the inception of the lease, and four equal annual payments...
Present and future value tables of $1 at 11% are presented below. 1 2 3 PV of $1 FV of $1 PVA of $1 EVA of $1 8.98e90 1.11000 0.90090 1.000e 0.81162 1.23210 1.71252 2.110e 0.73119 1.36763 2.44371 3.3421 0.65873 1.51807 3.10245 4.7097 3.59345 1.68506 3.69590 6.2278 0.53464 1.87841 4.23854 7.9129 4 5 6 On October 1, 2021, Justine Company purchased equipment from Napa Inc. in exchange for a noninterest-bearing note payable in two equal annual payments of $630,000, beginning...
#5
#7
Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest 10% 0.90909 Periods 1 2 3 4 5 6 7 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069...
Present Value of Bonds Payable; Premium Moss Co. issued $710,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. $ Exhibit 5 Present Value of $1 at Compound Interest 5% 572% 7% 10% Periods 1 2 3 4 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259...
Present Value of Bonds Payable; Premium Moss Co. issued $480,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest Periods NMONO 4% 47% 0.96154 0.956940 0.92456 0.915730 0.88900 0.876300 0.85480 0.838560 0.82193 0.802450 0.79031 0.767900 0.75992 0.734830 0.73069 0.703190 0.702590.672900...
Present Value of Bonds Payable; Premium Moss Co. issued $820,000 of five-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 4%2% 0.96154 0.956940 0.92456 0.915730 0.88900 0.876300 0.85480 0.838560 0.82193 0.802450 0.79031 0.767900 0.75992 0.734830 0.73069 0.703190 0.702590.672900 0.67556...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.090000 .91743 1.0900 1.0000 20 .84168 1.188101.75911 2.27812.0900 | 3 0.77218 | 1.295032.53129 3.5731 3.2781 40 .70843 | 1.41158 3.239724.98474.5731 5 0.64993 | 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.485921 8.2004 17.5233 Claudine Corporation will deposit $6,300 into a money market sinking fund at the end of each year for...
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