National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on...
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National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature on December 31, 2024 (4 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD 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 National 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. Prepare the appropriate journal entries at maturity on December 31, 2024. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest whole dollar.) Table values are based on: Cash Flow Interest Principal Price of bonds Amount Required 3 Required 4 Required 5 Present Value Journal entry worksheet 1 Record the issuance of the bonds on January 1, 2021. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Prepare an amortization schedule that determines interest at the effective rate each period. (Round intermediate calculations and final answers to the nearest whole dollar.) Semiannual Interest Period-End 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 Cash Interest Bond Interest Expense Discount Amortization Carrying Value Record the interest expense on June 30, 2021. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit Record the interest expense on December 31, 2024. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit TABLE 6 Present Value of an Annuity Due of $1 (21+5) PVAD = x (1 + i) 1.0% 1.5% 2.0% 2.5% 4.0% 1 1.00000 1.00000 1.00000 1.00000 3.5% 4.5% 5.0% 1.00000 1.00000 1.00000 1.00000 1.00000 2 1.99010 1.98522 1.98039 1.97561 1.97087 1.96618 1.96154 195694 1.95238 3 297040 2.95588 2.94156 2.92742 291347 2.89969 2.88609 287267 285941 4 394099 391220 3.88388 3.85602 3.82861 3.80164 3.77509 3.74896 3.72325 4.90197 4.76197 4.71710 4.67308 4.62990 4.58753 454595 5 4.80773 6.0% 7.0% 8.0% 9.0% 1.00000 1.00000 1.00000 1.00000 1.00000 1.94787 1.94340 1.93458 1.92593 191743 2,84632 2.83339 2.80802 2.78326 2.75911 3.69793 3.67301 3.62432 357710 3.53129 4.50515 4.38721 4.31213 4.23972 6 5.35343 5.78264 5.71346 7 6.79548 6.69719 6.60143 S 7.72519 7.59821 9 65168 848593 10 9.56602 9.36052 5.64583 5.57971 5.51505 5.45182 5.38998 5.32945 5.17028 5.21236 6.50813 641719 6.32855 624214 6.15787 6.07569 5.99553 5.91732 7.47199 7.34939 7.23028 7.11454 7.00205 6.89270 6.78637 6.68297 6.58238 832548 8.17014 801969 7.87396 7.73274 7.59589 7.46321 733457 720979 697130 6.74664 6.53482 9.16224 1.97087 8.70011 860769 8.43533 8.26879 8.10782 7.95220 7.30169 7,51523 7.24089 6.99525 5.10020 4.99271 4.88965 5.76654 5.62288 5.48592 6.38929 6.20637 603295 11 10.47130 10.22218 9.98259 9.75206 9.53020 9.31661 9.11090 8.91272 8.72173 8.53763 5.36009 8.02358 7.71005 7.41766 12 11.36763 11.07112 10.78685 10.51421 10.25262 10.00155 9.76048 9.52892 9.30641 9.09254 149867 813896 7.80519 13 12.25508 11.90751 1157534 11.25776 10.95400 10.66333 10.38507 10.11858 9.86325 9.61852 9.35384 8.94269 8.53608 #16073 14 13.13374 12.73153 12.34837 11.98318 11.63496 11.30274 10.98565 10.68285 10.39357 10.11708 9.85266 9.35765 890378 148690 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 178615 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 17 15.71787 15.13126 1457771 14.05500 13.56110 13.09412 12.65230 12.23402 11.83777 1146216 11.10590 10.44665 9.85137 18 16.56225 15.90765 15.29187 14.71220 14.16612 13.65132 13.16567 12.70719 12.27407 11.86461 1147726 10.76322 10.12164 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 20 1822601 17.42617 16.67846 15.97889 15.32380 14.70984 14.13394 13.59329 13.08532 12.60765 1215812 11.33560 10.60360 9.95011 9,06069 9.31256 9.54363 9.75563 10.0% 11.0% 12.0% 20.0% 1.00000 100000 100000 1.00000 190909 190090 1.89286 1.83333 2.73554 271252 2.69005 252778 3.48685 3.44371 3.40183 310648 4.16987 4.10245 4.03735 3.58873 4.79079 4.69590 4.60478 3.99061 5.35526 5.23054 511141 432551 5.86042 571220 5.56376 4.60459 6.33493 6.14612 5.96764 483716 6.75902 653705 6.32825 5.03097 7.14457 6.88925 6.65022 5.19247 7.49506 720652 6.93770 5.32706 7.81369 749236 7,19437 543922 810336 7.74987 7.42355 5,53268 8.36669 798187 7.62817 5.61057 5.60608 8.19087 7.81086 5.67547 8.82371 37916 7.97399 572956 902155 8.54879 811963 5.77463 9.20141 8.70162 8.24967 581219 9.36492 883929 8.36578 5.84350 9.51356 896333 8.46944 5.86958 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 25 22 24339 21.03041 19.91393 18.88499 17.93554 17.05837 16.24696 15.49548 1479864 14.15170 13.55036 12.46933 1152876 10.70661 9.95474 9.34814 8.78432 5.93710 30 26.06579 24 37608 22 84438 21.45355 20.18845 19.03577 1798371 17.02189 16,14107 15.33310 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 1692866 1594907 14.26493 1287858 11.72552 10.75696 993567 923303 599592 TABLE 5 Future Value of an Annuity Due of $1 1+1) - [ +7-1] x (1+1) FVAD 2,5% 3.0% 3.5% 4.0% 4.5% 1.0250 1.0300 1.0350 1.0400 1.0450 al 1.0% 1.5% 2.0% 1 1.0100 10150 1.0200 2 2.0301 20452 2.0604 3 3.0604 3.0909 3.1216 2.0756 2.0909 21062 2.1216 2.1370 3.1525 3.1836 4 41010 41523 4.2040 42563 4.3091 5 51520 5.2296 3:2149 3.2465 4.3625 4.4163 5.3081 5.3877 5.4684 5.5502 5.6330 5.0% 5.5% 6.0% 7.0% 1.0500 1.0550 1.0600 1.0700 2.1525 2.1680 2.1836 2.2149 3.2782 3.3101 3.3423 3.3746 3.4399 4.4707 4.5256 45811 4.6371 4.7507 5,7169 5.8019 5.8881 5.9753 6.1533 6 6.2135 6.3230 6.4343 6.5474 6.6625 7 7.2857 74328 7:5830 7.7361 7.5923 6.7794 6.8983 7.0192 7.1420 7.3938 7.6540 8.0517 8.2142 8.3800 8.5491 8.7216 8.8975 9.2598 8 8.3685 8.5593 8.7546 8.9545 9.1591 9.3685 9.5828 9.8021 10.0266 10.2563 10.4913 10.9780 9 9.4622 9.7027 9.9497 10.2034 10.4639 10.7314 11.0061 11.2882 11.5779 118754 10 10.5668 10.8633 11.1687 11.4835 11.8078 121420 12.4864 12.8412 13.2068 13.5835 7.2669 16 17.4304 18.2014 19.0121 19.8647 20.7616 21.7050 12.6975 23.7417 24.8404 17 18.6147 194894 204123 21.3863 224144 23.4997 24.6454 25.8551 27.1324 18 19.8109 20.7967 21 8406 22.9460 24.1169 25 3572 26.6712 28.0636 29.5390 19 21.0190 22.1237 23.2974 24.5447 25.8704 27.2797 28.7781 30.3714 32.0660 20 22 2392 23 4705 24.7833 26 1833 27.6765 29.2695 30.9692 32.7831 34.7193 7.9125 8.2004 8.4872 8.7833 9.0890 9.6366 10.0285 10.4359 10.8594 11.2997 11.4876 12.0210 12.5795 13.1640 13.7757 12.1808 12.8164 13.4566 14.1929 14.9374 15.7220 16.5487 13.9716 14.7836 15,6455 16.5603 17.5312 18.5614 19.6546 8.0% 9.0% 10.0% 11.0% 12.0% 1.0800 1.0900 1.1000 1.1100 1.1200 2.2464 2.2781 2.3100 2.3421 3.5061 3.5731 3.6410 3.7097 4.8666 4.9847 5.1051 6.3359 6.5233 6.7156 2.3744 3.7793 4.3680 5.3528 6.4416 5.2278 6.9129 7.1152 89299 11 11.6825 12.0412 12.4121 12.7956 13.1920 13.6020 14.0258 14.4640 14.9171 15.3856 15.8699 16.8385 17.9771 19.1407 20.3843 21.7132 12 12.8093 13.2368 13.6803 14.1404 146178 15.1130 15.6268 16:1999 16.7130 17.2868 17.8821 19.1406 20 4953 21.9534 23.5227 25.2116 27.0291 13 139474 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 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 15 16.2579 169324 17.6393 18.3802 19.1569 19.9710 20.8245 21.7193 22.6575 21.6411 24.6725 26.8881 29.3243 32.0034 34.9497 38.1899 41.7533 25.9964 27.2129 28.4812 29.9057 31.1027 32.7600 33.8683 35.7856 36.7861 38.9927 29.8402 32.7502 35.9737 39.5447 43.5008 32.9990 36.4502 40.3013 44.5992 49.3959 54.7497 36.3790 45.0185 $0.1591 55.9395 62.4397 39.9955 44.7620 50.1601 56.2750 63.2028 71.0524 43.8652 494229 55.7645 63.0025 71 2651 80 6987 40.4463 20.0% 1.2000 2.6400 11.9159 15.4991 19.7989 249587 31.1504 38.5805 47.4966 58.1959 71.0351 56.4421 104.9306 127.1167 153.7400 185.6880 224 0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.3289 33.2480 25 28.5256 30.5140 32.6709 35.0117 37 5530 40.3131 43.3117 30 35.1327 38.1018 41.3794 45.0003 49.0027 53.4295 58.3283 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 35.3034 46 5706 63.7524 37.5052 39.8643 50.1135 53.9660 69.7608 764194 42.3923 45.0057 54.4568 58.1564 67.6765 78.9544 83.8017 101.0730 122.3459 61.8733 70.4027 30.2143 91.5026 270.0307 92.3240 108.1818 126.9988 149 3339 566.3773 148.5752 180.9434 220.9132 270.2926 1418.2579 TABLE 4 Present Value of an Ordinary Annuity of $1 1- (3+0) PVA = Mi 1.0% 1.5% 2.0% 1 0.99010 0.98522 098039 2 1.97040 1.95588 1.94156 2.5% 3.09 097561 0.97087 1.92742 1.91347 3 294099 291220 2.88388 2.85602 282861 3.71710 4 1.90197 3.85438 3.80773 3.76197 5 4.85343 4.78264 4.71346 4.64583 4.57971 3.5% 4.0% 0.96618 0.96154 0.95694 0.95238 1.89969 1.88609 1.87267 1.85941 2.80164 2.77509 2.74896 2.72325 3.67308 3.62990 3.58753 3.54595 4.51505 4.45182 4.38998 6.0% 7,0% 0.94787 0.94340 0.93458 0.92593 1.84632 1.83339 1.80802 1.78326 2.69793 267301 2.62432 257710 3.50515 3:46511 3.38721 3.31213 427028 421236 4.10020 3.99271 6 5.79545 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 491732 4.76654 4.62288 7 6.72519 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.38929 5.20637 87.65168 7.48593 7:32548 7.17014 7:01969 6.87396 6.73274 6.59589 6.46321 6.33457 6.20979 5.97130 5.74664 9 8.56602 8.36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.95220 6.80169 6.51523 624689 10 9.47130 9.22218 8.98259 $.75206 8.53020 8.31661 8.11090 7.91272 7.72173 753763 7.36009 7.02358 6.71008 10.0% 11.0% 12.0% 20,0% 0.91743 0.90909 0.90090 089286 0.83333 1.75911 1.73554 171252 1.69005 1.52778 253129 248685 244371 240183 210648 3.23972 3.16987 310245 3.03735 258873 3.88965 3.79079 3.69590 3.60478 2.99061 9.44665 16 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.65230 11.23402 10.83777 10.46216 10.10590 17 15.58225 14.90765 14.29187 13.71220 13.16612 12.65132 12.16567 11.70719 11.27407 10.86461 10.47726 9.76322 18 16.39827 15.67256 14.99203 14.35336 13.75351 13.18968 12.65930 1215999 11.68959 11.24607 10.82760 10.05909 9.37189 19 1722601 1642617 15.67846 14.97889 14.32380 13.70984 13.13394 12.59329 12.08532 11.60765 11.15812 10.33560 9.60360 20 18.04555 17.16864 16.35143 15.58916 14.87747 14.21240 13.59033 13.00794 1246221 11.95038 11.46992 10.59401 9.81815 4.48592 4.35526 4.23054 4.11141 3.32551 5.03295 4.86542 471220 456376 3.60459 5.53482 533493 514612 4.96764 3.83716 5.99525 5.75902 5.53705 5.32825 4.03097 6.41766 614457 588923 565022 4.19247 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52892 8.30641 8.09254 7,85687 7.49567 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 886325 8.61852 8.38384 7.94269 7.53608 7.16073 651369 6.49236 6.19437 443922 13 12:13374 11.73153 11.34837 10.58319 10.63496 10.30274 9.98565 9.68285 9.39357 9.11708 885268 8.35765 7.90378 7.45690 7.10336 6.74987 6.42355 4.53268 14 13.00370 12.54338 12.10625 11.69091 1129607 10.92052 10.56312 10.22283 9.89864 9.58965 9.29498 8.74547 824424 7.78615 7.36669 698187 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 806069 750608 7.19087 6.81086 4.67547 8.85137 8.31256 7.82371 737916 6.97399 4.72956 9.12164 854363 802155 7.54879 7.11963 4.77463 8.75563 8.20141 7.70162 7.24967 4.81219 8.95011 36492 783929 736578 4.84350 9.12855 851356 7.96333 746944 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 8.64569 8.07507 7.56200 4.89132 25 22.02316 20.71961 1952346 1842438 1741315 1648151 15.62208 1482821 14.09394 1341393 12.78336 11.65358 10.67478 9.82258 907704 842174 784314 494759 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 942691 8.69379 805518 4.97894 40 32.83469 29.91585 27.35548 25.10278 23.11477 21.35507 19.79277 18 40158 17.15909 16.04612 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 4.99660 TABLE 3 Future Value of an Ordinary Annuity of $1 (1+i)-1 FVA- 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 6.0% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1:0000 1.0000 1.0000 1.0000 1.0000 20550 2.0600 3.1680 3.1836 2 20100 20150 20200 2.0250 20300 2.0350 2.0400 20450 2.0500 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 3.1370 3.1525 4 4.0604 4.0909 4.1216 4.1535 4.1836 4.2149 4.2465 4.2782 43101 4.3423 4.3746 $ $.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 $.4707 5.5256 5.5811 5.6371 m 5.0% 5.5% 7.0% 1.0000 2.0700 2.0000 2.0900 21000 3.2149 3.2464 3.2781 3.3100 4.4399 4.5061 5.7507 5.8666 4.5731 5.9847 8.0% 9.0% 10.0% 11.0% 12.0% 1.0000 1.0000 1.0000 1.0000 1.0000 2:1100 2.1200 3.3421 3.3744 4.6410 4.7097 4.7793 6.1051 6.2278 6.3528 6 6.1520 6.2296 6.3081 6.3877 6.4684 6.5502 6.6330 7.9129 8.1152 7 7.2135 7.3230 74343 9.7833 10.0890 6.7169 6.8019 6.8881 6.9753 7.1533 7.5233 7.7156 7.5474 7.6625 7.7794 7.8983 8.0192 8.1420 8.2669 8.3938 8.6540 8.9228 9.2004 9.4872 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 9 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 10 10.4622 10.7027 109497 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 8 20.0% 1.0000 2:2000 3.6400 5,3680 7.4416 9.9299 12.9159 16.4991 20.7989 25.9587 32.1504 39.5805 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 14.2068 14.5835 14.9716 15.7836 16.6455 17.5603 18.5312 19.5614 20.6546 12 12.6825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 15.9171 16.3856 16.8699 17.8885 18.9771 20.1407 21.3843 227132 24.1331 13 13.8093 14.2368 14.6803 15.1404 15.6178 16.11.30 166268 17.1599 17.7130 18.2868 18.8821 20.1406 21.4953 22.9534 24.5227 26.2116 28.0291 48.4966 14 149474 15.4504 15.9739 16.5190 17.0863 17.6770 18.2919 18.9321 19.5986 20.2926 21.0151 22.5505 24 2149 26.0192 27.9750 30.0949 32.3926 59.1959 15 16.0969 16.6821 17.2934 179319 18.5989 19.2957 200236 20.7841 215786 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 30.5402 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 208109 21.7967 228406 23.9460 25.1169 26.3572 27.6712 29.0636 30.5390 32.1027 33.7600 37.3790 41.4463 46.0185 51.1591 56.9395 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 45.78620 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 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.0049 61.0071 66.4388 72.4355 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 5818261 767 0914 7343.8578 39.9927 44.5652 50.4229 56.7645 64.0025 72.2651 81.6987 225.0256 79.0582 94.4608 113.2832 136.3075 164-4940 199.0209 241.3327 1181.8816 TABLE 2 Present Value of $1 $1 PV = (1+0)" R 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.5% 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 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 2 098030 0.97066 0.96117 095181 094260 093351 0.92456 091573 0.90703 0.89845 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.69444 3 0.97059 0.95632 0.94232 0.92860 091514 0.90194 0.88900 0.87630 0.86384 085161 0.83962 0.81630 0.79383 0.77218 0.75131 073119 0.71178 0.57870 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 080722 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 048225 5 0.95147 0.92826 0.90573 0.88385 0.86261 084197 0.82193 080245 0.78353 0.76513 0.74726 0.71299 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 0.53464 0.50663 0.33490 7 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0,66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.27908 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.23257 9 0.91434 0.87459 083676 0.80073 0.76642 0.73373 0.70259 0.67290 064461 0.61763 0.59190 0.54393 0.50025 046043 042410 0.39092 0.36061 0.19381 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0,55839 0.50835 046319 0.42241 0.38554 0.35218 0.32197 0.16151 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.29748 0.13459 12 0.88745 0.83639 0.78849 0.74356 0.70138 066178 0.62460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0,25668 0.11216 13 087866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 056427 0.53032 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 14 0.86996 081185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.34046 0.29925 026333 0.23199 0.20462 0.07789 15 086135 0.79985 0.74301 0.69047 0.64186 059689 0.55526 051672 0.48102 044793 0.41727 0.36245 031524 0.27454 023939 020900 0.18270 0.06491 16 0.85282 0.78803 0.72545 0.67362 0.62317 0.57671 0.53391 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 0.71416 0.65720 0.60502 055720 0.51337 0.47318 0.43630 040245 0.37136 0.31657 0.27027 0.23107 0.19754 0.16963 0.14564 0.04507 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 041552 0.38147 0.35034 0,29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.03756 19 082774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 023171 0.19449 0.16351 0.13768 0.11611 0.03130 20 0.81954 074247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 034273 031180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 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 062172 0.55288 0.49193 043796 0.39012 034770 031007 0.27666 0.24698 019715 0.15770 012640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 042315 0.37512 033273 029530 026223 023300 018425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 033348 0.29157 025509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 036875 0.32065 0.27902 0.24295 021168 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 0.09938 0.07537 0.05731 0.04368 0.03338 0.00421 31 0.73458 0.63031 054125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 0.03935 0.02980 0.00351 40 0.67165 0.55126 045289 037243 030656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00068 TABLE 1 Future Value of $1 FV $1(1+ m/ 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 5.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1 1.01000 101500 1.02000 1.02500 1.03000 1.03500 104000 1.04500 105000 1.05500 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 2 1.02010 1.03022 1,04040 1.05063 1.06090 1.07123 1.08160 1.09203 1,10250 111303 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 3 1,03030 1.04568 1.06121 1.07689 1,09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971 1.29503 133100 1.36763 140493 4 1.04000 1.06136 1.08243 110381 112551 1.14752 1.16986 1.19252 121551 1.23882 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 5 1.05101 1,07728 1.10408 113141 115927 1.18769 121665 1.24618 127628 130696 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 61.06152 1.09344 1.12616 115969 1.19405 1.22926 126532 1.30226 1.34010 1.37884 7 1.07214 1.10984 1.14869 1.18869 122987 1.27228 1.31593 1.36086 1.40710 1.45468 8 1.08286 1.12649 1.17166 121840 1.26677 131681 1.36857 142210 147746 1.53469 9 1.09369 1.14339 1.19509 124886 1.30477 1.36290 142331 1.48610 155133 1.61909 10 1.10462 1.16054 121899 128008 134392 141060 1.48024 1.55297 162889 1.70814 141852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 1.59385 1,71819 1.85093 1.99256 2.14359 2.30454 2.47596 1.68948 183846 1.99900 2.17189 2.35795 2.55804 2.77308 1.79085 196715 2.15892 2.36736 2.59374 283942 3.10585 11 111567 1.17795 1.24337 131209 138423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 12 1.12683 1.19562 126824 1.34489 142576 151107 1.60103 1.69588 1.79586 1.90121 13 1.13809 1.21355 1.29361 1.37851 146853 1.56396 1.66507 1.77220 188565 2.00577 14 1.14947 1.23176 131948 1.41297 151259 1.61869 1,73168 1.85194 1.97993 2:11609 15 1.16097 1.25023 134587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 201220 225219 2.51817 2.81266 3.13843 3,49845 3.89598 213293 2.40985 2.71962 3.06580 3.45227 3.88328 4.36349 2.26090 257853 2.93719 3.34173 3.79750 4.31044 4.88711 239656 2.75903 3.17217 3.64248 4.17725 4.78459 5.47357 21 123239 1.36706 151567 1.67958 186029 2.05943 2.27877 252024 278596 307823 25 1.28243 1.45095 1.64061 185394 2.09378 2.36324 2.66554 3.00543 3.38635 3.81339 30 1.34785 1.56308 1.81136 2.09757 242726 2.80679 3.24340 3.74532 4.32194 498395 40 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 851331 16 1.17258 1.26899 1.37279 1.45451 160471 1.73399 1.87298 2.02237 218287 2.35526 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 17 118430 1.28802 1.40024 1.52162 165285 1.79468 194790 211338 2.29202 245480 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 18 1.19615 1.30754 142825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 262147 285434 3.37993 3.99602 4,71712 5.55992 6.54355 7.68997 19 1.20811 1.32695 145681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 1.02500 3.61653 4.31570 5,14166 6.11591 7.26334 61276 20 1.22019 1.34686 148595 1.63862 180611 1.98979 219112 241171 265330 2.91776 3.20714 3.86968 4.60096 5.60441 6.72750 8.06231 9.64629 1.20000 1.44000 1.72800 2.07360 2.48832 2.98598 3.58318 4.29982 5.15978 6.19174 7,43008 8.91610 10.69932 12.83918 15.40702 18.48843 22.18611 26.62333 31.94800 38.33760 339956 4.14056 5.03383 6.10881 7.40025 8.94917 10.80385 46.00512 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 95.39622 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 237.37631 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 1469.77160 National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature on December 31, 2024 (4 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD 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 National 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. Prepare the appropriate journal entries at maturity on December 31, 2024. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest whole dollar.) Table values are based on: Cash Flow Interest Principal Price of bonds Amount Required 3 Required 4 Required 5 Present Value Journal entry worksheet 1 Record the issuance of the bonds on January 1, 2021. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Prepare an amortization schedule that determines interest at the effective rate each period. (Round intermediate calculations and final answers to the nearest whole dollar.) Semiannual Interest Period-End 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 Cash Interest Bond Interest Expense Discount Amortization Carrying Value Record the interest expense on June 30, 2021. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit Record the interest expense on December 31, 2024. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit TABLE 6 Present Value of an Annuity Due of $1 (21+5) PVAD = x (1 + i) 1.0% 1.5% 2.0% 2.5% 4.0% 1 1.00000 1.00000 1.00000 1.00000 3.5% 4.5% 5.0% 1.00000 1.00000 1.00000 1.00000 1.00000 2 1.99010 1.98522 1.98039 1.97561 1.97087 1.96618 1.96154 195694 1.95238 3 297040 2.95588 2.94156 2.92742 291347 2.89969 2.88609 287267 285941 4 394099 391220 3.88388 3.85602 3.82861 3.80164 3.77509 3.74896 3.72325 4.90197 4.76197 4.71710 4.67308 4.62990 4.58753 454595 5 4.80773 6.0% 7.0% 8.0% 9.0% 1.00000 1.00000 1.00000 1.00000 1.00000 1.94787 1.94340 1.93458 1.92593 191743 2,84632 2.83339 2.80802 2.78326 2.75911 3.69793 3.67301 3.62432 357710 3.53129 4.50515 4.38721 4.31213 4.23972 6 5.35343 5.78264 5.71346 7 6.79548 6.69719 6.60143 S 7.72519 7.59821 9 65168 848593 10 9.56602 9.36052 5.64583 5.57971 5.51505 5.45182 5.38998 5.32945 5.17028 5.21236 6.50813 641719 6.32855 624214 6.15787 6.07569 5.99553 5.91732 7.47199 7.34939 7.23028 7.11454 7.00205 6.89270 6.78637 6.68297 6.58238 832548 8.17014 801969 7.87396 7.73274 7.59589 7.46321 733457 720979 697130 6.74664 6.53482 9.16224 1.97087 8.70011 860769 8.43533 8.26879 8.10782 7.95220 7.30169 7,51523 7.24089 6.99525 5.10020 4.99271 4.88965 5.76654 5.62288 5.48592 6.38929 6.20637 603295 11 10.47130 10.22218 9.98259 9.75206 9.53020 9.31661 9.11090 8.91272 8.72173 8.53763 5.36009 8.02358 7.71005 7.41766 12 11.36763 11.07112 10.78685 10.51421 10.25262 10.00155 9.76048 9.52892 9.30641 9.09254 149867 813896 7.80519 13 12.25508 11.90751 1157534 11.25776 10.95400 10.66333 10.38507 10.11858 9.86325 9.61852 9.35384 8.94269 8.53608 #16073 14 13.13374 12.73153 12.34837 11.98318 11.63496 11.30274 10.98565 10.68285 10.39357 10.11708 9.85266 9.35765 890378 148690 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 178615 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 17 15.71787 15.13126 1457771 14.05500 13.56110 13.09412 12.65230 12.23402 11.83777 1146216 11.10590 10.44665 9.85137 18 16.56225 15.90765 15.29187 14.71220 14.16612 13.65132 13.16567 12.70719 12.27407 11.86461 1147726 10.76322 10.12164 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 20 1822601 17.42617 16.67846 15.97889 15.32380 14.70984 14.13394 13.59329 13.08532 12.60765 1215812 11.33560 10.60360 9.95011 9,06069 9.31256 9.54363 9.75563 10.0% 11.0% 12.0% 20.0% 1.00000 100000 100000 1.00000 190909 190090 1.89286 1.83333 2.73554 271252 2.69005 252778 3.48685 3.44371 3.40183 310648 4.16987 4.10245 4.03735 3.58873 4.79079 4.69590 4.60478 3.99061 5.35526 5.23054 511141 432551 5.86042 571220 5.56376 4.60459 6.33493 6.14612 5.96764 483716 6.75902 653705 6.32825 5.03097 7.14457 6.88925 6.65022 5.19247 7.49506 720652 6.93770 5.32706 7.81369 749236 7,19437 543922 810336 7.74987 7.42355 5,53268 8.36669 798187 7.62817 5.61057 5.60608 8.19087 7.81086 5.67547 8.82371 37916 7.97399 572956 902155 8.54879 811963 5.77463 9.20141 8.70162 8.24967 581219 9.36492 883929 8.36578 5.84350 9.51356 896333 8.46944 5.86958 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 25 22 24339 21.03041 19.91393 18.88499 17.93554 17.05837 16.24696 15.49548 1479864 14.15170 13.55036 12.46933 1152876 10.70661 9.95474 9.34814 8.78432 5.93710 30 26.06579 24 37608 22 84438 21.45355 20.18845 19.03577 1798371 17.02189 16,14107 15.33310 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 1692866 1594907 14.26493 1287858 11.72552 10.75696 993567 923303 599592 TABLE 5 Future Value of an Annuity Due of $1 1+1) - [ +7-1] x (1+1) FVAD 2,5% 3.0% 3.5% 4.0% 4.5% 1.0250 1.0300 1.0350 1.0400 1.0450 al 1.0% 1.5% 2.0% 1 1.0100 10150 1.0200 2 2.0301 20452 2.0604 3 3.0604 3.0909 3.1216 2.0756 2.0909 21062 2.1216 2.1370 3.1525 3.1836 4 41010 41523 4.2040 42563 4.3091 5 51520 5.2296 3:2149 3.2465 4.3625 4.4163 5.3081 5.3877 5.4684 5.5502 5.6330 5.0% 5.5% 6.0% 7.0% 1.0500 1.0550 1.0600 1.0700 2.1525 2.1680 2.1836 2.2149 3.2782 3.3101 3.3423 3.3746 3.4399 4.4707 4.5256 45811 4.6371 4.7507 5,7169 5.8019 5.8881 5.9753 6.1533 6 6.2135 6.3230 6.4343 6.5474 6.6625 7 7.2857 74328 7:5830 7.7361 7.5923 6.7794 6.8983 7.0192 7.1420 7.3938 7.6540 8.0517 8.2142 8.3800 8.5491 8.7216 8.8975 9.2598 8 8.3685 8.5593 8.7546 8.9545 9.1591 9.3685 9.5828 9.8021 10.0266 10.2563 10.4913 10.9780 9 9.4622 9.7027 9.9497 10.2034 10.4639 10.7314 11.0061 11.2882 11.5779 118754 10 10.5668 10.8633 11.1687 11.4835 11.8078 121420 12.4864 12.8412 13.2068 13.5835 7.2669 16 17.4304 18.2014 19.0121 19.8647 20.7616 21.7050 12.6975 23.7417 24.8404 17 18.6147 194894 204123 21.3863 224144 23.4997 24.6454 25.8551 27.1324 18 19.8109 20.7967 21 8406 22.9460 24.1169 25 3572 26.6712 28.0636 29.5390 19 21.0190 22.1237 23.2974 24.5447 25.8704 27.2797 28.7781 30.3714 32.0660 20 22 2392 23 4705 24.7833 26 1833 27.6765 29.2695 30.9692 32.7831 34.7193 7.9125 8.2004 8.4872 8.7833 9.0890 9.6366 10.0285 10.4359 10.8594 11.2997 11.4876 12.0210 12.5795 13.1640 13.7757 12.1808 12.8164 13.4566 14.1929 14.9374 15.7220 16.5487 13.9716 14.7836 15,6455 16.5603 17.5312 18.5614 19.6546 8.0% 9.0% 10.0% 11.0% 12.0% 1.0800 1.0900 1.1000 1.1100 1.1200 2.2464 2.2781 2.3100 2.3421 3.5061 3.5731 3.6410 3.7097 4.8666 4.9847 5.1051 6.3359 6.5233 6.7156 2.3744 3.7793 4.3680 5.3528 6.4416 5.2278 6.9129 7.1152 89299 11 11.6825 12.0412 12.4121 12.7956 13.1920 13.6020 14.0258 14.4640 14.9171 15.3856 15.8699 16.8385 17.9771 19.1407 20.3843 21.7132 12 12.8093 13.2368 13.6803 14.1404 146178 15.1130 15.6268 16:1999 16.7130 17.2868 17.8821 19.1406 20 4953 21.9534 23.5227 25.2116 27.0291 13 139474 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 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 15 16.2579 169324 17.6393 18.3802 19.1569 19.9710 20.8245 21.7193 22.6575 21.6411 24.6725 26.8881 29.3243 32.0034 34.9497 38.1899 41.7533 25.9964 27.2129 28.4812 29.9057 31.1027 32.7600 33.8683 35.7856 36.7861 38.9927 29.8402 32.7502 35.9737 39.5447 43.5008 32.9990 36.4502 40.3013 44.5992 49.3959 54.7497 36.3790 45.0185 $0.1591 55.9395 62.4397 39.9955 44.7620 50.1601 56.2750 63.2028 71.0524 43.8652 494229 55.7645 63.0025 71 2651 80 6987 40.4463 20.0% 1.2000 2.6400 11.9159 15.4991 19.7989 249587 31.1504 38.5805 47.4966 58.1959 71.0351 56.4421 104.9306 127.1167 153.7400 185.6880 224 0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.3289 33.2480 25 28.5256 30.5140 32.6709 35.0117 37 5530 40.3131 43.3117 30 35.1327 38.1018 41.3794 45.0003 49.0027 53.4295 58.3283 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 35.3034 46 5706 63.7524 37.5052 39.8643 50.1135 53.9660 69.7608 764194 42.3923 45.0057 54.4568 58.1564 67.6765 78.9544 83.8017 101.0730 122.3459 61.8733 70.4027 30.2143 91.5026 270.0307 92.3240 108.1818 126.9988 149 3339 566.3773 148.5752 180.9434 220.9132 270.2926 1418.2579 TABLE 4 Present Value of an Ordinary Annuity of $1 1- (3+0) PVA = Mi 1.0% 1.5% 2.0% 1 0.99010 0.98522 098039 2 1.97040 1.95588 1.94156 2.5% 3.09 097561 0.97087 1.92742 1.91347 3 294099 291220 2.88388 2.85602 282861 3.71710 4 1.90197 3.85438 3.80773 3.76197 5 4.85343 4.78264 4.71346 4.64583 4.57971 3.5% 4.0% 0.96618 0.96154 0.95694 0.95238 1.89969 1.88609 1.87267 1.85941 2.80164 2.77509 2.74896 2.72325 3.67308 3.62990 3.58753 3.54595 4.51505 4.45182 4.38998 6.0% 7,0% 0.94787 0.94340 0.93458 0.92593 1.84632 1.83339 1.80802 1.78326 2.69793 267301 2.62432 257710 3.50515 3:46511 3.38721 3.31213 427028 421236 4.10020 3.99271 6 5.79545 5.69719 5.60143 5.50813 5.41719 5.32855 5.24214 5.15787 5.07569 4.99553 491732 4.76654 4.62288 7 6.72519 6.59821 6.47199 6.34939 6.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.38929 5.20637 87.65168 7.48593 7:32548 7.17014 7:01969 6.87396 6.73274 6.59589 6.46321 6.33457 6.20979 5.97130 5.74664 9 8.56602 8.36052 8.16224 7.97087 7.78611 7.60769 7.43533 7.26879 7.10782 6.95220 6.80169 6.51523 624689 10 9.47130 9.22218 8.98259 $.75206 8.53020 8.31661 8.11090 7.91272 7.72173 753763 7.36009 7.02358 6.71008 10.0% 11.0% 12.0% 20,0% 0.91743 0.90909 0.90090 089286 0.83333 1.75911 1.73554 171252 1.69005 1.52778 253129 248685 244371 240183 210648 3.23972 3.16987 310245 3.03735 258873 3.88965 3.79079 3.69590 3.60478 2.99061 9.44665 16 14.71787 14.13126 13.57771 13.05500 12.56110 12.09412 11.65230 11.23402 10.83777 10.46216 10.10590 17 15.58225 14.90765 14.29187 13.71220 13.16612 12.65132 12.16567 11.70719 11.27407 10.86461 10.47726 9.76322 18 16.39827 15.67256 14.99203 14.35336 13.75351 13.18968 12.65930 1215999 11.68959 11.24607 10.82760 10.05909 9.37189 19 1722601 1642617 15.67846 14.97889 14.32380 13.70984 13.13394 12.59329 12.08532 11.60765 11.15812 10.33560 9.60360 20 18.04555 17.16864 16.35143 15.58916 14.87747 14.21240 13.59033 13.00794 1246221 11.95038 11.46992 10.59401 9.81815 4.48592 4.35526 4.23054 4.11141 3.32551 5.03295 4.86542 471220 456376 3.60459 5.53482 533493 514612 4.96764 3.83716 5.99525 5.75902 5.53705 5.32825 4.03097 6.41766 614457 588923 565022 4.19247 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8.76048 8.52892 8.30641 8.09254 7,85687 7.49567 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 886325 8.61852 8.38384 7.94269 7.53608 7.16073 651369 6.49236 6.19437 443922 13 12:13374 11.73153 11.34837 10.58319 10.63496 10.30274 9.98565 9.68285 9.39357 9.11708 885268 8.35765 7.90378 7.45690 7.10336 6.74987 6.42355 4.53268 14 13.00370 12.54338 12.10625 11.69091 1129607 10.92052 10.56312 10.22283 9.89864 9.58965 9.29498 8.74547 824424 7.78615 7.36669 698187 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 806069 750608 7.19087 6.81086 4.67547 8.85137 8.31256 7.82371 737916 6.97399 4.72956 9.12164 854363 802155 7.54879 7.11963 4.77463 8.75563 8.20141 7.70162 7.24967 4.81219 8.95011 36492 783929 736578 4.84350 9.12855 851356 7.96333 746944 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 8.64569 8.07507 7.56200 4.89132 25 22.02316 20.71961 1952346 1842438 1741315 1648151 15.62208 1482821 14.09394 1341393 12.78336 11.65358 10.67478 9.82258 907704 842174 784314 494759 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 942691 8.69379 805518 4.97894 40 32.83469 29.91585 27.35548 25.10278 23.11477 21.35507 19.79277 18 40158 17.15909 16.04612 15.04630 13.33171 11.92461 10.75736 9.77905 8.95105 8.24378 4.99660 TABLE 3 Future Value of an Ordinary Annuity of $1 (1+i)-1 FVA- 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 6.0% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1:0000 1.0000 1.0000 1.0000 1.0000 20550 2.0600 3.1680 3.1836 2 20100 20150 20200 2.0250 20300 2.0350 2.0400 20450 2.0500 3 3.0301 3.0452 3.0604 3.0756 3.0909 3.1062 3.1216 3.1370 3.1525 4 4.0604 4.0909 4.1216 4.1535 4.1836 4.2149 4.2465 4.2782 43101 4.3423 4.3746 $ $.1010 5.1523 5.2040 5.2563 5.3091 5.3625 5.4163 $.4707 5.5256 5.5811 5.6371 m 5.0% 5.5% 7.0% 1.0000 2.0700 2.0000 2.0900 21000 3.2149 3.2464 3.2781 3.3100 4.4399 4.5061 5.7507 5.8666 4.5731 5.9847 8.0% 9.0% 10.0% 11.0% 12.0% 1.0000 1.0000 1.0000 1.0000 1.0000 2:1100 2.1200 3.3421 3.3744 4.6410 4.7097 4.7793 6.1051 6.2278 6.3528 6 6.1520 6.2296 6.3081 6.3877 6.4684 6.5502 6.6330 7.9129 8.1152 7 7.2135 7.3230 74343 9.7833 10.0890 6.7169 6.8019 6.8881 6.9753 7.1533 7.5233 7.7156 7.5474 7.6625 7.7794 7.8983 8.0192 8.1420 8.2669 8.3938 8.6540 8.9228 9.2004 9.4872 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 9 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 10 10.4622 10.7027 109497 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 8 20.0% 1.0000 2:2000 3.6400 5,3680 7.4416 9.9299 12.9159 16.4991 20.7989 25.9587 32.1504 39.5805 11 11.5668 11.8633 12.1687 12.4835 12.8078 13.1420 13.4864 13.8412 14.2068 14.5835 14.9716 15.7836 16.6455 17.5603 18.5312 19.5614 20.6546 12 12.6825 13.0412 13.4121 13.7956 14.1920 14.6020 15.0258 15.4640 15.9171 16.3856 16.8699 17.8885 18.9771 20.1407 21.3843 227132 24.1331 13 13.8093 14.2368 14.6803 15.1404 15.6178 16.11.30 166268 17.1599 17.7130 18.2868 18.8821 20.1406 21.4953 22.9534 24.5227 26.2116 28.0291 48.4966 14 149474 15.4504 15.9739 16.5190 17.0863 17.6770 18.2919 18.9321 19.5986 20.2926 21.0151 22.5505 24 2149 26.0192 27.9750 30.0949 32.3926 59.1959 15 16.0969 16.6821 17.2934 179319 18.5989 19.2957 200236 20.7841 215786 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 30.5402 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 208109 21.7967 228406 23.9460 25.1169 26.3572 27.6712 29.0636 30.5390 32.1027 33.7600 37.3790 41.4463 46.0185 51.1591 56.9395 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 45.78620 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 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.0049 61.0071 66.4388 72.4355 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 5818261 767 0914 7343.8578 39.9927 44.5652 50.4229 56.7645 64.0025 72.2651 81.6987 225.0256 79.0582 94.4608 113.2832 136.3075 164-4940 199.0209 241.3327 1181.8816 TABLE 2 Present Value of $1 $1 PV = (1+0)" R 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.5% 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 0.95694 0.95238 0.94787 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.83333 2 098030 0.97066 0.96117 095181 094260 093351 0.92456 091573 0.90703 0.89845 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.69444 3 0.97059 0.95632 0.94232 0.92860 091514 0.90194 0.88900 0.87630 0.86384 085161 0.83962 0.81630 0.79383 0.77218 0.75131 073119 0.71178 0.57870 4 0.96098 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.83856 0.82270 080722 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 048225 5 0.95147 0.92826 0.90573 0.88385 0.86261 084197 0.82193 080245 0.78353 0.76513 0.74726 0.71299 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 0.53464 0.50663 0.33490 7 0.93272 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.73483 0.71068 0.68744 0,66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.27908 8 0.92348 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.70319 0.67684 0.65160 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.23257 9 0.91434 0.87459 083676 0.80073 0.76642 0.73373 0.70259 0.67290 064461 0.61763 0.59190 0.54393 0.50025 046043 042410 0.39092 0.36061 0.19381 10 0.90529 0.86167 0.82035 0.78120 0.74409 0.70892 0.67556 0.64393 0.61391 0.58543 0,55839 0.50835 046319 0.42241 0.38554 0.35218 0.32197 0.16151 11 0.89632 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42888 0.38753 0.35049 0.31728 0.29748 0.13459 12 0.88745 0.83639 0.78849 0.74356 0.70138 066178 0.62460 0.58966 0.55684 0.52598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0,25668 0.11216 13 087866 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 056427 0.53032 0.49856 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.09346 14 0.86996 081185 0.75788 0.70773 0.66112 0.61778 0.57748 0.53997 0.50507 0.47257 0.44230 0.38782 0.34046 0.29925 026333 0.23199 0.20462 0.07789 15 086135 0.79985 0.74301 0.69047 0.64186 059689 0.55526 051672 0.48102 044793 0.41727 0.36245 031524 0.27454 023939 020900 0.18270 0.06491 16 0.85282 0.78803 0.72545 0.67362 0.62317 0.57671 0.53391 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 0.71416 0.65720 0.60502 055720 0.51337 0.47318 0.43630 040245 0.37136 0.31657 0.27027 0.23107 0.19754 0.16963 0.14564 0.04507 18 0.83602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 041552 0.38147 0.35034 0,29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.03756 19 082774 0.75361 0.68643 0.62553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 023171 0.19449 0.16351 0.13768 0.11611 0.03130 20 0.81954 074247 0.67297 0.61027 0.55368 0.50257 0.45639 0.41464 0.37689 034273 031180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.02608 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 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 062172 0.55288 0.49193 043796 0.39012 034770 031007 0.27666 0.24698 019715 0.15770 012640 0.10153 0.08170 0.06588 0.01258 25 0.77977 0.68921 0.60953 0.53939 0.47761 042315 0.37512 033273 029530 026223 023300 018425 0.14602 0.11597 0.09230 0.07361 0.05882 0.01048 28 0.75684 0.65910 0.57437 0.50088 0.43708 0.38165 033348 0.29157 025509 0.22332 0.19563 0.15040 0.11591 0.08955 0.06934 0.05382 0.04187 0.00607 29 0.74934 0.64936 0.56311 0.48866 0.42435 036875 0.32065 0.27902 0.24295 021168 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 0.09938 0.07537 0.05731 0.04368 0.03338 0.00421 31 0.73458 0.63031 054125 0.46511 0.39999 0.34423 0.29646 0.25550 0.22036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 0.03935 0.02980 0.00351 40 0.67165 0.55126 045289 037243 030656 0.25257 0.20829 0.17193 0.14205 0.11746 0.09722 0.06678 0.04603 0.03184 0.02209 0.01538 0.01075 0.00068 TABLE 1 Future Value of $1 FV $1(1+ m/ 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 5.0% 9.0% 10.0% 11.0% 12.0% 20.0% 1 1.01000 101500 1.02000 1.02500 1.03000 1.03500 104000 1.04500 105000 1.05500 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 2 1.02010 1.03022 1,04040 1.05063 1.06090 1.07123 1.08160 1.09203 1,10250 111303 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 3 1,03030 1.04568 1.06121 1.07689 1,09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971 1.29503 133100 1.36763 140493 4 1.04000 1.06136 1.08243 110381 112551 1.14752 1.16986 1.19252 121551 1.23882 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 5 1.05101 1,07728 1.10408 113141 115927 1.18769 121665 1.24618 127628 130696 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 61.06152 1.09344 1.12616 115969 1.19405 1.22926 126532 1.30226 1.34010 1.37884 7 1.07214 1.10984 1.14869 1.18869 122987 1.27228 1.31593 1.36086 1.40710 1.45468 8 1.08286 1.12649 1.17166 121840 1.26677 131681 1.36857 142210 147746 1.53469 9 1.09369 1.14339 1.19509 124886 1.30477 1.36290 142331 1.48610 155133 1.61909 10 1.10462 1.16054 121899 128008 134392 141060 1.48024 1.55297 162889 1.70814 141852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 1.59385 1,71819 1.85093 1.99256 2.14359 2.30454 2.47596 1.68948 183846 1.99900 2.17189 2.35795 2.55804 2.77308 1.79085 196715 2.15892 2.36736 2.59374 283942 3.10585 11 111567 1.17795 1.24337 131209 138423 1.45997 1.53945 1.62285 1.71034 1.80209 1.89830 12 1.12683 1.19562 126824 1.34489 142576 151107 1.60103 1.69588 1.79586 1.90121 13 1.13809 1.21355 1.29361 1.37851 146853 1.56396 1.66507 1.77220 188565 2.00577 14 1.14947 1.23176 131948 1.41297 151259 1.61869 1,73168 1.85194 1.97993 2:11609 15 1.16097 1.25023 134587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 2.23248 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 201220 225219 2.51817 2.81266 3.13843 3,49845 3.89598 213293 2.40985 2.71962 3.06580 3.45227 3.88328 4.36349 2.26090 257853 2.93719 3.34173 3.79750 4.31044 4.88711 239656 2.75903 3.17217 3.64248 4.17725 4.78459 5.47357 21 123239 1.36706 151567 1.67958 186029 2.05943 2.27877 252024 278596 307823 25 1.28243 1.45095 1.64061 185394 2.09378 2.36324 2.66554 3.00543 3.38635 3.81339 30 1.34785 1.56308 1.81136 2.09757 242726 2.80679 3.24340 3.74532 4.32194 498395 40 1.48886 1.81402 2.20804 2.68506 3.26204 3.95926 4.80102 5.81636 7.03999 851331 16 1.17258 1.26899 1.37279 1.45451 160471 1.73399 1.87298 2.02237 218287 2.35526 2.54035 2.95216 3.42594 3.97031 4.59497 5.31089 6.13039 17 118430 1.28802 1.40024 1.52162 165285 1.79468 194790 211338 2.29202 245480 2.69277 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 18 1.19615 1.30754 142825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 262147 285434 3.37993 3.99602 4,71712 5.55992 6.54355 7.68997 19 1.20811 1.32695 145681 1.59865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 1.02500 3.61653 4.31570 5,14166 6.11591 7.26334 61276 20 1.22019 1.34686 148595 1.63862 180611 1.98979 219112 241171 265330 2.91776 3.20714 3.86968 4.60096 5.60441 6.72750 8.06231 9.64629 1.20000 1.44000 1.72800 2.07360 2.48832 2.98598 3.58318 4.29982 5.15978 6.19174 7,43008 8.91610 10.69932 12.83918 15.40702 18.48843 22.18611 26.62333 31.94800 38.33760 339956 4.14056 5.03383 6.10881 7.40025 8.94917 10.80385 46.00512 4.29187 5.42743 6.84848 8.62308 10.83471 13.58546 17.00006 95.39622 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 237.37631 10.28572 14.97446 21.72452 31.40942 45.25926 65.00087 93.05097 1469.77160
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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