On June 30, 2021, Singleton Computers issued 9% stated rate bonds with a face amount of...

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On June 30, 2021, Singleton Computers issued 9% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 8% (4.0% semiannual rate). Interest is paid semiannually. (4.5%) on June 30 and December 31, beginning on December 31, 2021. (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.) In Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Table values are based on: na Cash Flow Interest Principal Price of bonds Amount. Present Value Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Period-End 06/30/2021 12/31/2021 Cash Interest Paid Bond Interest Expense Premium Amortization Carrying Value TABLE 6 Present Value of an Annuity Due of $1 (1+0² PVAD- AT 1.0% 13% 100000 100000 1.98522 199010 3 297040 295588 294156 4 3.94099 391220 388388 385602 S 490197 485438 430773 4.76197 1 2 (+1) X 2.0% 2.5% 3,0% 1.00000 1.00000 100000 198019 197561 9 L 3.5% 1.00000 197087 1.96618 2.92742 291347 2.89969 3.82861 3.80164 471710 467308 5.78264 6.79548 049719 5.71346 5.57971 5.51505 5.45182 5.38995 5.32945 5.27028 5.21234 660143 6.50813 641719 6.32855 624214 615787 6.07569 5.99553 5.91732 747199 7.34939 7.23028 711454 7.00205 689270 6.78637 668297 6.58238 9 865168 848593 8.32348 17014 801909 787396 7.73274 7.39589 746321 733457 720979 697130 10 956602 9.30052 916224 97087878611 826819 810782 7.95220 7.30169 7.51523 772819 759821 40% 4.5% 8.0% 5.0% 1,00000 1.00000 1.00000 196134 1.95094 195238 5.5% 6.0% 7,0% 1.00000 1.00000 1,00000 1.00000 1.94787 1.94340 193458 1.92593 1.91743 2.88009 2.87267 283941 284632 2.83339 280802 2.79911 377509 3.74896 3.72325 369793 367301 3.62432 3.57710 353129 462990 4.38753 454595 450515 446511 438721 431213 4.23972 2.78326 86076943533 11 10.47130 10.22218 9.98259 9.75206 9.53020 931661 12 11 36763 11.07112 1078685 10 51421 10 25262 10 00155 13 12:25508 11.90751 1157514 11 25776 1095400 10 66113 14 1313374 12.73153 12.34837 11.98118 11.63496 11 30274 15 14 00370 13.54338 13.10625 12.69091 12.29607 11.92052 21 19.84555 18.16564 1735143 16.58916 15.37747 15.21240 25 22.24339 21.03041 19.91393 185499 17.93554 17.05837 30 26.06579 24.37608 2234438 2145555 20.18845 19 03577 40 3316303 30.36458 2790259 25.73034 23 80822 22.10250 10.0% 20.0% 11.0% 12.0% 1.00000 100000 100000 100000 100000 1.90909 190090 189286 1.83333 2.73554 271252 269005 2.52778 148685 344371 340183 310648 416987 410245 403735 3.58873 *60/6 5.10020 4.79079 4.69590 4.60478 3.99061 4.99271 4.51965 5.76654 562288 548592 535526 523054 511141 432551 6.38929 620637 603295 586542 571220 5.56376 4.60459 674664 653482 7.24689 699525 6.33493 614612 5.96764 483716 6.75902 653705 633825 503097 9.11090 8.91272 8.72173 8.53763 8.34009 802358 9.76048 9.52892 930641 900254 888687 849867 10.38507 10.11558 986325 9.41853 8.94209 10 98565 10 68285 10 39157 10 11708 935268 11.563112 11 22283 10 89864 10 58905 10.29498 7.71008 7.41766 7.14457 6.33923 665022 5.39247 13896 780519 749506 720652 693770 5.32706 853008 16073 7.81369 749236 7.15437 543922 9.35705 890378 45090 10336 774987 742355 553268 974547 924424 8.78615 836609 798187 7.62817 581057 16 14.36505 14.34323 13.34926 13.36138 12.93794 1251741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10791 9.55945 9.06069 17 1571787 15 13126 1457773 14.05500 13.56110 1109412 12.65230 12 23407 1131777 11.46216 11 10590 10 44665 985137 9.31256 18 16.56225 15.90765 1529187 1471220 14.16612 1365132 13 16567 12 70719 12.27407 11.56461 1147726 10 76322 10 12164 954303 19 1739827 16:67256 1599203 15.35336 14.75351 14.18968 13.65930 13 15999 12 68959 12 24607 11.82760 11.05909 10.37189 9.75563 20 1822601 17/42617 1667546 15.97889 15 32380 14 70984 1413394 1359329 13 08532 12 60765 12 15812 1133560 10 60360 995011 8.40608 819087 7.81054 547547 82371837916 7.97399 5.72956 902155 154879 211963 577463 9.20141 70162 24967 581219 9.36492 883929 836578 584350 14.59033 14.00794 13.46221 1295038 12.46992 11.59401 10.31815 10.12855 9.51356 3.96333 5.46944 536958 1624696 15.49548 14.79864 14:15170 13.55036 12 40931 1152876 10.70661 998474 934314 878432 5.93710 17.98371 1702189 16 14107 15.33310 14 59072 11.27767 12.15841 11.19828 10 36961 9.65011 902181 597472 20 58448 19 22966 18 01704 1697866 1594907 14.26493 1287858 11.72552 10.75696 991567 923303 399592 TABLE 5 Future Value of an Annuity Due of $1 [(1+パー] FVAD= A 1.0% 1 10100 2 20301 20452 3 30604 30909 4 41010 41523 3 x (2+1) L 1.5% 201 40% 10150 10200 2.5% 3.0% 3.5% 1.0250 10300 1.0350 10400 1:0450 20756 2.0909 2.1002 2.1216 2.1370 3.1525 3.2782 3.2149 3.2465 42563 4.2040 43625 4.4707 44163 55502 5.6330 5.7169 20004 3.1216 3.1836 43091 51520 5.2296 5.3081 53877 54684 6 6.2135 6.3230 6.4343 6.5474 6.6625 6.7794 6.3981 7.2857 7:4328 75830 77361 738923 80517 82142 1 3685 85593 87546 8.9545 9.1591 9.3685 9.5828 9 94622 9.7027 9.9497 10.2014 10.4639 10 7314 11 0061 10 10.5668 10 8633 11.1687 11 4835 11 8078 12 1420 12 4864 11 11.4825 12.0412 12 12 8093 13 2368 12.4121 13 6803 13 139474 14.4504 149719 14 15.0969 15 6821 16 2934 15 162579 169324 17.6393 13.1920 14 6178 12.7956 13.6020 14.0255 14 1404 15.1130 15.6268 155190 16 0863 16 6770 17.2919 169119 17.5989 18 2957 19 0236 15 3802 19.1569 19 9710 208245 21 23.4716 24.8376 26.2990 27.5629 29.5368 25 28.5256 305140 326709 350117 37 5530 30 35.1327 38 1018 41 3794 45 0003 49 0027 40 49.3752 55.0819 61.6100 690876 77.6633 5.0% 6.0% 7.0% 1,0000 1,0900 1.0500 1.0550 10600 10700 2.1525 21080 2.1836 22149 2.2464 22781 3.3423 3.3746 3.3101 3.4399 4.5256 4.7507 45811 4.6371 58019 5.8881 35061 35731 4.9847 5.9753 6.1533 6.3359 63213 31-3289 33.2490 40 3131 43.3117 534295 58 3283 87.5095 98 8265 7.0192 8:3800 98021 11.2882 12.8412 11.2068 11 5779 14.4640 14.9171 16.1999 16.7130 179321 185986 19 7541 20.5756 21 7193 22.6575 35.3034 46 5706 63.7524 111 8467 5.5% 7.1420 7.2669 7.3935 7.6540 79228 $5491 87216 88975 92598 96366 10.0266 102561 10.4913 109780 11.4876 12.1808 128164 13.4866 13.9716 14.7836 15.6455 16 17.4304 18.2014 19.0121 10.8647 20.7616 21.7050 22.6075 23.7417 24.5404 25.9964 17 186147 19 4394 20 4123 21 3863 224144 23 4997 246454 25.8551 27.1324 28 4812 18 19.8109 20.7967 21 5406 229460 24 1169 25 3572 266712 280636 29.5390 31 1027 19 21.0190 22 1237 23.2974 245447 25 8704 27 2797 28.7781 30 3714 32 0660 33.8683 20 222392 234705 24.7833 26 1833 27.6765 29.2695 309092 327831 34.7193 36 7861 118754 13.5835 3.0% 16.8885 15.3856 15.8499 17.2868 17.8821 191406 19.2926 20.0151 21.3505 21.4087 22.2760 24.1290 236411 24.6725 9998 9.0% 263881 29.3243 20.5402 32.7503 27.2129 29.9057 329990 364502 32.7600 36 3790 40 4463 35.7856 39.9955 44.7620 38.9927 43.8652 49.4229 9 10.0% 1.1000 2.3100 36410 5,1051 6.7156 17.9771 19.1407 20.3843 20.4953 21.9534 23.3227 23.2149 25.0192 26.9750 26 1521 11.0% 12.0% 11100 1.1200 23744 23421 3.7097 3.7793 52278 53528 6.9129 7.1152 9.0990 $.2004 8.4872 8.7833 108594 11 2997 100285 104359 12.0210- 12.5795 13.1640 13.7757 14 1929 14.9374 15.7220 165487 16.5603 17.3312 19.6546 18 5614 21.7132 23.1331 25 2116 27.0291 29 0949 31.3926 28.3609 30.7725 33.4054 362797 32.0034 549497 38.1899 41.7333 35.9737 39.5447 43.500 47.8837 44.5992 49.3959 547497 50 1591 55.9395 024197 56.2750 63 2028 710524 63.0025 71 2651 80 6987 40.3013 45.0185 50.1601 55 7645 37.5052 39.8643 42.3923 45.0057 54.4568 61.8733 70.4027 30.1143 50 1135 53.9660 58.1564 67 6765 78.9344 92 3240 108 1818 126.9988 69 7608 764194 83 8017 101 0730 122.3459 148 5752 180 9434 220 9132 126 8398 144 1189 164.0477 213.6096 279.7810 368.2919 4868518 645.8269 91.5026 149.3339 270 2926 859 1424 20.0% 1,2000 26400 43680 64416 8.9299 11.9159 15.4991 19.7989 24.9587 31 1504 38.5805 47.4966 58-1959 71 0151 36.4421 104.9306 127 1167 153.7400 185.6180 224 0256 270.0307 566 3773 1418 2579 88126294 TABLE 4 Present Value of an Ordinary Annuity of $1 (1+² PVA- 1.0% 1.3% 2.0% 099010 098522 098039 2.5% 3.0% 097561 097087 1.92742 191347 2 197040 1.95588 1.94156 3 2.94099 291220 2.85602 2.82861 4 3.90197 385438 3.80773 3.76197 3.71710 5 485343 4.78264 4.71346 4.64583 457971 ni 1 6 5.79548 5.69719 5.60143 6.72819 6.59871 7.65168 748593 156602 $36052 10 947130 9.22218 L 1 4 4.0% 4.5% 5.0% 5.5% 60% 094787 094340 35% 090618 0.96154 095694 095238 139969 185009 187267 185941 134632 133339 2.80164 2.77509 274396 2.72325 2.69793 2.67301 3.67108 3.62990 358753 3.54595 350515 346511 431505 445182 438998 4.32948 427028 421236 4.45591 4.35526 423054 4.11141 3.31551 647199 634939 503295 436842 471220 456376 360459 5.32855 524214 515787 5.07569 4.99553 491732 4.76654 4.62288 611454 600205 589270 5.78637 568297 5.58218 538929 520637 687396 6.73274 6.46121 6.33457 620979 5.97130 5.74664 553482 533493 514612 496764 321716 760769 743533 7.26879 7.10782 695220 624689 599525 5.25902 553705 532825 403097 898259 8.75206 8.53020 3.31661 8.11090 791272 7.72173 7537637.36009 7.02358 671008 641766 614457 588923 5.65022 419247 5.41719 623028 7,01909 816224 797087 7.78611 7.32548 7.17014 685659 (1996 691089 9.0% 11.0% 12.0% 8.0% 0.92591 10.0% 20.0% 091743 090909 090090 089256 0.83333 70% 0.93455 150802 1.78326 175911 1.73554 171252 169005 152778 262432 257710 2.53129 248685 244371 240183 210648 323972 316987 3.10345 3.01735 258873 4.10020 399271 3.88965 379079 369590 3.60478 299061 338721 331213 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8,76045 8.52892 8.30641 5.09254 7.55687 7.49567 7.13896 6.50519 6.49506 6.20652 5.93776 4.32706 12 11.25508 10.90751 10:57534 10.25776 9.95400 9.38507 911858 86325 61852 838354 794209 7.53608 716073 681369 649236 619417 4431922 13 12.13374 11.73153 11.34837 10.98319 10 63496 10.30274 9.98565 968285 9.39357 911708 885268 835765 790378 7.43690 7.10336 674987 642355 453368 14 13.00370 12.34338 12.10625 11 69091 11 29607 10 92052 10 56312 10 22283 939864 958965 929498 874547 524424 7.78615 736669 698187 662817 461057 15 13.86505 13.34375 12.84926 12.38138 11.93794 1151741 1111819 10.73955 10.37966 1003758 971275 9.10791 855948 206069 760608 7.19087 651086 467547 (25159 21 18.85698 17.90014 17.01111 16.15455 15.41502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76408 25 22 02316 20.71961 1952346 1842438 1741315 16 45151 15.62208 1482821 14 09394 1341393 12.78136 30 25 80771 24.01584 22.39646 20 93029 19 60044 18.39205 17.29203 1628589 15.37245 1433375 13 76483 40 32.83489 2991585 2735548 25 10275 25.11477 21.35507 19 79277 18.40158 17.15909 1601612 1504630 16 14.71787 14.13124 1357771 13.05500 12.56110 12.09412 11.65230 11.25402 10.83777 10.46216 10.10590 9.44665 885137 8.31256 7.82371 737916 697309 4.72956 17 15 56225 14.90765 1429187 13.71220 13.16612 1265132 12 16567 11 70719 11 27407 10 56461 1047726 9.76122 9.12164 854363 02155 754879 711963 477463 18 16.39827 15.67256 14.99203 14 35336 13 75351 11.18968 17.65930 12.15999 1168959 11 24607 1082760 10.05909 9.37189 875563 20141 770162 724967 481219 19 1722601 16 42617 15 67846 14.97889 14.32380 13.70984 13 13394 12.59329 12.05332 11 60765 11.15812 10 31560 960160 895011 836492 783929 736578 484350 20 1804555 17 16664 1635143 15.58916 1487747 1421240 1359031 11.00794 12 46221 1195018 11 45992 10 59401 981815 912855 831356 7.96333 740944 486958 10.33553 10.01450 1165358 10 67478 12 40904 1125778 13 33171 11.92461 9.29224 864549 807507 7.56200 439132 982258 907704 842174 75014 494759 10 27365 942691 869179 805518 497894 10.75716 977905 895105 824378 499660 TABLE 3 Future Value of an Ordinary Annuity of $1 (1+0)²-1 FVA== HT 1.0% 1.5% 2.0% 2.5% 3.0% 4.0% 45% 5.0% 1 1.0000 1.0000 1,0000 10000 1.0000 1.0000 10000 10000 1.0000 2 20100 20150 20200 2.0250 20100 20150 20400 20450 20500 3 30301 30452 30004 3.0756 3.0909 3.1062 3.1216 3.1370 31525 40909 41216 43525 41836 4214 42465 42782 5.1523 5.2040 52563 5.3091 5.3625 54163 5.4707 40604 3 51010 9 41520 6.2296 6.3081 6.3877 7 7.2135 73230 6 6.7169 6.4654 6.5502 6.6330 74343 73474 76625 77794 78981 50192 85830 87381 88923 90517 92142 9:3800 9.7546 99545 10.1591 10 3685 105828 10 8021 11.2014 11 4639 117314 12.0061 12 2882 1 8.2857 84328 9.3685 95593 10 10 4622 10 7027 109497 12 12 6825 13 11 8095 14 149474 15 16 0969 16.6821 17.2934 179319 183989 19.2957 11 11.5668 11.3633 12.1687 12.4835 11.8078 13.1420 13.4564 13.5412 15.0258 15 4640 16.6268 17.1599 182919 189321 20 0236 20 7841 130412 13.4121 13.7956 14 1920 14 6020 142368 14 6803 15.1404 156178 16 1130 15.4504 159739 165190 17.0863 17 6770 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.3245 17 18.4304 19.2014 20 0121 20 8647 21.7616 22.7050 23 6975 18 19.6147 204894 21 4123 22.3563 23 4144 244997 25 6454 29 208109 21.7967 228406 239460 25 1169 26 3572 27 6712 20 22.0190 23 1237 24.2974 25.5447 268704 28.2797 29.7781 22.7193 247417 26 8531 29.06.16 31.3714 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.26095 31.9692 33.7831 30 347649 375387 40.5681 41 9027 475754 51.6227 560849 61 0071 40 488864 54.3679 60.4020 67 4026 75 4013 45503 950355 107 0301 95255 4.3101 43421 43746 $5811 5.6371 1609 5.596 7.0% 10000 10000 10000 20550 20600 20700 3.1680 3.1836 32149 44399 5.7507 14.2065 159171 17.7130 193956 215786 13.4575 25.8404 24.6411 25.6725 269964 28 2129 28 1324 294812 30.9057 10.5390 32.1027 33.7600 33.0060 348683 367836 35.7193 37,7861 66.4388 72.4355 120.7995 136 6056 10.0% 11.0% 12.05 10000 10000 10000 1.0000 1.0000 2.0000 20000 21000 2.1100 21200 33100 33744 47793 61051 62278 6.3528 6.3019 6.9753 7.1533 7.3359 7.5233 7.7156 79129 81153 81420 1.2669 8.3938 16540 8.9228 9.2004 9.4872 9.7833 100890 9.3491 9.7216 93975 102598 11.0285 11.4359 11 0266 11.2563 11 4913 11.9780 12 4876 130210 13.5795 12.5779 128754 13.1808 138164 14.4866 15 1929 159374 11.1994 12.2997 14 1640 147757 167220 175487 39.9927 79 058 154 7630 1606 32464 32781 1905 9998 $ 9919 01 14.5835 14.9716 15.7836 16.6455 17.5603 18.5312 19.5614 20.4546 16.3836 16.5099 17.8585 18.9771 201407 21.3803 22.7132 241331 18.2868 183521 201406 21.4953 229534 245227 26.2116 28.0291 202926 21 0151 22.5505 242149 26.0192 27.9750 30 0949 32.3926 25.1290 27 1521 29.3609 31.7725 144054 37,2797 22.4087 23 2760 45731 46410 47097 1.9847 27.8551 30.3245 33.0034 35.9497 39.1899 42.7533 30 8402 33.7502 369737 40.5447 44.5008 33 9990 174502 41.3013 45.3992 50 3959 37:3790 41.4463 460185 31 1591 56.9395 409955 45.7620 31 1601 57 2750 64 2028 64.0025 44.3652 50.4229 56.7645 144608 111 2832 136.3075 164 4940 199 6351 259 0565 337 3824 4425926 55.7497 634397 72.0534 20.0% 1,0000 2.2000 16400 5.3680 74416 9.9299 12.9159 16.4991 20.7989 25 9587 32.1504 39.3805 48 4966 39.1959 72.0351 87.4421 105 9106 128 1167 154.7400 136 6820 72.2651 $1.4987 225.0156 199 0209 241.3327 11818816 581 8261 767 0914 75438578 TABLE 2 Present Value of $1 PV = $1 (1+0) 11.0% 1.5% 2.0% 2.5% 3.0% 3.5% 8.0% 9,0% 10.0% 20.0% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 11.0% 12.0% 1 099010 0.98522 098039 097561 0.97087 096618 096154 0.95694 095238 0.94787 094340 093458 092593 091743 0.90909 0.90090 0.89286 0.83333 2 0.98030 0.97066 0.96117 095181 094260 093351 092456 0.91573 090703 089845 089000 0.87344 085734 0.84168 0.82645 081162 079719 069444 3 097059 095632 094232 092560 091514 090194 085900 037630 086384 085161 083962 081630 0.79383 0.77218 0.75131 073119 0.71178 0.57870 4 0.96098 094218 092385 090595 088849 087144 085480 083856 082270 080722 0.79209 076290 0.73503 0.70843 068301 0.65873 0.63552 0.48225 5 095147 0.92826 090573 088385 086261 084197 082193 080245 0.78353 0.76513 0.74726 071299 0.68058 0.64993 062092 059345 056743 040188 60.94205 0.91454 0.88797 0.56230 0.83745 0.81350 6.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 7 093272 090103 0.87056 0.34127 081309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 051316 048166 0.45235 0.27908 8 0.92348 0.88771 0.85349 082075 0.78941 0.75941 0.73069 070319 0.67654 0.65160 0.62741 0.58201 0.54027 0.50187 046651 043393 0.40388 023257 9091434 087459 083676 080073 0.76642 0.73373 0.70259 067290 064461 061763 039190 0.54393 050025 0.46043 042410 0.39092 036061 019381 10 090529 0.86167 082035 0.78120 0.74409 0.70892 067556 0.64393 061391 0.58543 055839 0.50835 046119 042241 038554 035218 032197 016151 11 0.89632 0.54893 0.50426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42558 0.38753 0.35049 0.31728 0.28748 0.13459 12 0.88745 0.83639 0.78549 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 052598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.11216 13 087866 082403 0.77303 0.72542 0.68095 0.63940 060057 0.56427 0.53032 0.49856 0.46884 041496 0.36770 0.32618 0.28966 025751 0.22917 0.09346 14 0.86996 0.81185 0.75788 0.70773 0.66112 061778 0.57748 053997 050507 0.47257 044230 0.38782 0.34046 0.29925 026333 023199 020462 0.07789 15 086135 079985 0.74301 0.69047 0.64186 0.59689 055526 0.51672 048102 044793 041727 0.36245 031524 027454 023939 0.20900 018270 0.06491 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29159 0.25157 0.21763 0.18829 0.16312 0.05409 17 084438 0.77639 0.71416 065720 0.60502 055720 051337 047318 0.43630 0.40245 037136 031657 0.27027 023107 019784 016963 0.14564 004507 18 083602 0.76491 070016 0.64117 0.58739 0.53836 049363 045280 041552 0.38147 0.35034 0.29586 025025 021199 0.17986 015282 0.13004 0.03756 19 082774 0.75361 0.68643 062553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 023171 0.19449 016351 0.13768 0.11611 0.03130 20 0.81954 0.74247 067297 0.61027 0.55368 0.50257 0.45639 041464 0.37689 0.34273 0.31180 0.25842 021455 0.17543 0.14864 0.12403, 0.10367 002605 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43833 0.39679 0.35894 0.32486 0.29416 6.24151 0.19566 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.69954 062172 055288 049193 043796 0.39012 034770 031007 027666 024698 019715 0.15770 0.12640 0.10153 0.08170 006588 0.01258 25 0.77977 068921 060953 0.53939 047761 042315 037512 033273 029530 026223 0.23300 018425 014602 011597 009230 007361 0.05882 001048 28 0.75684 0.65910 057437 050088 0.43708 035165 033348 029157 025509 022332 0.19563 015040 0.11591 0.08955 0.06934 0.05382 0.04187 000607 29 0.74934 0.64936 0.56311 048866 0.42435 036875 0.32065 0.27902 024295 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 046511 0.39999 034423 0.29646 0.25550 022036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 0.03935 0.02980 0.00351 40 067165 055126 045289 037243 0.30656 025257 020829 0.17193 0.14205 011746 0.09722 0.06678 0.04603 0.03184 0.02209 001538 001075 0.00068 TABLE 1 Future Value of $1 FV $1(1+0) 1.0% 1.5% 2.0% 3.0% 2.5% 3.5% 4.0% 4.5% 5.0% 5.5% 1 101000 101500 102000 1.02500 103000 1.03500 104000 1.04500 105000 105500 2 1.02010 1.03022 104040 105063 1 06090 1.07123 1.08160 1.09203 1.10250 1.11303 31.03030 104568 1.06121 107689 1.09273 1.10872 1.12486 114117 115763 1.17424 4 104050 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1:19252 1.21551 1.23882 $ 105101 1.07728 1.10408 1.13141 115927 1.18769 121665 124618 127628 130696 6106152 1.09344 1.12616 115969 119405 1.22926 126532 130226 134010 137884 7 1.07214 1.10984 114869 1.18869 1.22987 1.27228 1.31593 1.36086 140710145468 8 1.08286 112649 1.17166 121840 126677 131681 1.36857 142210 147746 153469 9 1.09359 1.14339 1.19509 1.24386 1.30477 136290 142331 148610 1.55133 1.61909 10 110462 116054 121899 1.28008 134392 1.41060 1.48024 1.55297 1.62889 1.70814 11 111567 1.17795 124337 131209 138423 145997 153945 1.62285 1.71034 1.80209 12 112683 1.19562 126824 1.34489 142576 151107 160103 1.69588 179586 1.90121 13 113809 1.21355 1.29361 137851 1.46853 156396 1.66507 1.77220 1.88565 2.00577 14 114947 1.23176 1.31948 141297 151259 1.61869 1.73168 1.85194 197993 211609 15 116097 125023 134587 144830 155797 1.67535 1.80094 1.93528 207893 223248 6.0% 7.0% 9.0% 11.0% 12.0% 1,09000 1.18810 1.22504 1.25971 1.29503 1.33100 1.36763 110000 1.21000 1.11000 123210 151807 1.31080 140255 1.36049 1.41158 1.46933 146410 153862 1.61051 1.68506 8.0% 1.00000 1,07000 1.08000 112360 1.14490 1.16640 1.19102 1.26248 133823 1.41852 1.50073 1.50363 1.60578 1,59385 1.68948 1.71819 1.83846 1.79085 196715 16 117258 126899 137279 148451 160471 1.73399 1.87298 202237 2.18287 235526 254035 17 118430 1.28802 1.40024 152162 165285 1.79468 1.94790 211338 2.29202 248480 2.69277 285434 18 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 3.02560 19 120811 1.32695 145681 159865 1.75351 192250 210685 2.30786 2.52695 2.76565 20 122019 1.34686 148595 163862 1.80611 1.98979 219112 241171 265330 291776 3.20714 1.58687 1.67710 1.71382 182804 1.85093 199256 1.99900 2.17189 2.15892 2.36736 10.0% 2.10485 1.89830 2.33164 201220 225219 2.51817 2.40985 2.13293 2.26090 2.57853 2.39656 2.75903 1.77156 1.87041 194872 214359 235795 2.59374 1.97382 207616 2.21068 247596 2.30454 255804 2.77308 283942 3.10585 258043 285312 2.81266 3.13843 271902 3.06580 3.45227 388328 2.93719 3.34173 3,79750 4.31044 3.17217 3.64248 4.17725 4.78459 1.12000 1.25440 1.40493 1.57352 1.76234 3.15176 3.47855 3.49845 3.89598 436349 488711 5.47357 295216 3.42594 3.97031 4.59497 5.31089 6.13039 3.15882 3.70002 432763 5.05447 5.89509 6.86604 3.37993 3.99602 471712 5.55992 6.54355 7.68997 3.61653 4:31570 514166 6.11591 726334 61276 3.86968 4,60096 560441 672750 8.06231 9.64629 20.0% 120000 144000 172800 2.07360 2.48832 298598 3.58318 4.29982 5.15978 6.19174 7.43008 891610 10.69932 12.83918 15.40702 18.48843 22.18611 26 02333 31.94800 38 33760 21 123239 1.36706 151567 167958 1.86029 2.05943 2.27877 252024 278596 307823 3.39956 4.14056 5.03383 6.10881 740025 1.94917 10.80385 25 128243 145095 1.64061 185194 209378 2.36324 2.66584 300543 3.38635 381339 4.29187 542743 6.54848 862308 1083471 13.58546 17.00006 30 134785 156308 181136 209757 242726 2.80679 3.24140 4.9835 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 40 148886 181402 220804 268506 126204 3.99926 4.80102 581636 7.03999 851331 10.28572 14.97446 21 72452 31 40942 45.25926 65.00087 93.05097 1469.77160 237.37631 46.00512 95 39622 On June 30, 2021, Singleton Computers issued 9% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 8% (4.0% semiannual rate). Interest is paid semiannually. (4.5%) on June 30 and December 31, beginning on December 31, 2021. (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.) In Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Table values are based on: na Cash Flow Interest Principal Price of bonds Amount. Present Value Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Period-End 06/30/2021 12/31/2021 Cash Interest Paid Bond Interest Expense Premium Amortization Carrying Value TABLE 6 Present Value of an Annuity Due of $1 (1+0² PVAD- AT 1.0% 13% 100000 100000 1.98522 199010 3 297040 295588 294156 4 3.94099 391220 388388 385602 S 490197 485438 430773 4.76197 1 2 (+1) X 2.0% 2.5% 3,0% 1.00000 1.00000 100000 198019 197561 9 L 3.5% 1.00000 197087 1.96618 2.92742 291347 2.89969 3.82861 3.80164 471710 467308 5.78264 6.79548 049719 5.71346 5.57971 5.51505 5.45182 5.38995 5.32945 5.27028 5.21234 660143 6.50813 641719 6.32855 624214 615787 6.07569 5.99553 5.91732 747199 7.34939 7.23028 711454 7.00205 689270 6.78637 668297 6.58238 9 865168 848593 8.32348 17014 801909 787396 7.73274 7.39589 746321 733457 720979 697130 10 956602 9.30052 916224 97087878611 826819 810782 7.95220 7.30169 7.51523 772819 759821 40% 4.5% 8.0% 5.0% 1,00000 1.00000 1.00000 196134 1.95094 195238 5.5% 6.0% 7,0% 1.00000 1.00000 1,00000 1.00000 1.94787 1.94340 193458 1.92593 1.91743 2.88009 2.87267 283941 284632 2.83339 280802 2.79911 377509 3.74896 3.72325 369793 367301 3.62432 3.57710 353129 462990 4.38753 454595 450515 446511 438721 431213 4.23972 2.78326 86076943533 11 10.47130 10.22218 9.98259 9.75206 9.53020 931661 12 11 36763 11.07112 1078685 10 51421 10 25262 10 00155 13 12:25508 11.90751 1157514 11 25776 1095400 10 66113 14 1313374 12.73153 12.34837 11.98118 11.63496 11 30274 15 14 00370 13.54338 13.10625 12.69091 12.29607 11.92052 21 19.84555 18.16564 1735143 16.58916 15.37747 15.21240 25 22.24339 21.03041 19.91393 185499 17.93554 17.05837 30 26.06579 24.37608 2234438 2145555 20.18845 19 03577 40 3316303 30.36458 2790259 25.73034 23 80822 22.10250 10.0% 20.0% 11.0% 12.0% 1.00000 100000 100000 100000 100000 1.90909 190090 189286 1.83333 2.73554 271252 269005 2.52778 148685 344371 340183 310648 416987 410245 403735 3.58873 *60/6 5.10020 4.79079 4.69590 4.60478 3.99061 4.99271 4.51965 5.76654 562288 548592 535526 523054 511141 432551 6.38929 620637 603295 586542 571220 5.56376 4.60459 674664 653482 7.24689 699525 6.33493 614612 5.96764 483716 6.75902 653705 633825 503097 9.11090 8.91272 8.72173 8.53763 8.34009 802358 9.76048 9.52892 930641 900254 888687 849867 10.38507 10.11558 986325 9.41853 8.94209 10 98565 10 68285 10 39157 10 11708 935268 11.563112 11 22283 10 89864 10 58905 10.29498 7.71008 7.41766 7.14457 6.33923 665022 5.39247 13896 780519 749506 720652 693770 5.32706 853008 16073 7.81369 749236 7.15437 543922 9.35705 890378 45090 10336 774987 742355 553268 974547 924424 8.78615 836609 798187 7.62817 581057 16 14.36505 14.34323 13.34926 13.36138 12.93794 1251741 12.11839 11.73955 11.37966 11.03758 10.71225 10.10791 9.55945 9.06069 17 1571787 15 13126 1457773 14.05500 13.56110 1109412 12.65230 12 23407 1131777 11.46216 11 10590 10 44665 985137 9.31256 18 16.56225 15.90765 1529187 1471220 14.16612 1365132 13 16567 12 70719 12.27407 11.56461 1147726 10 76322 10 12164 954303 19 1739827 16:67256 1599203 15.35336 14.75351 14.18968 13.65930 13 15999 12 68959 12 24607 11.82760 11.05909 10.37189 9.75563 20 1822601 17/42617 1667546 15.97889 15 32380 14 70984 1413394 1359329 13 08532 12 60765 12 15812 1133560 10 60360 995011 8.40608 819087 7.81054 547547 82371837916 7.97399 5.72956 902155 154879 211963 577463 9.20141 70162 24967 581219 9.36492 883929 836578 584350 14.59033 14.00794 13.46221 1295038 12.46992 11.59401 10.31815 10.12855 9.51356 3.96333 5.46944 536958 1624696 15.49548 14.79864 14:15170 13.55036 12 40931 1152876 10.70661 998474 934314 878432 5.93710 17.98371 1702189 16 14107 15.33310 14 59072 11.27767 12.15841 11.19828 10 36961 9.65011 902181 597472 20 58448 19 22966 18 01704 1697866 1594907 14.26493 1287858 11.72552 10.75696 991567 923303 399592 TABLE 5 Future Value of an Annuity Due of $1 [(1+パー] FVAD= A 1.0% 1 10100 2 20301 20452 3 30604 30909 4 41010 41523 3 x (2+1) L 1.5% 201 40% 10150 10200 2.5% 3.0% 3.5% 1.0250 10300 1.0350 10400 1:0450 20756 2.0909 2.1002 2.1216 2.1370 3.1525 3.2782 3.2149 3.2465 42563 4.2040 43625 4.4707 44163 55502 5.6330 5.7169 20004 3.1216 3.1836 43091 51520 5.2296 5.3081 53877 54684 6 6.2135 6.3230 6.4343 6.5474 6.6625 6.7794 6.3981 7.2857 7:4328 75830 77361 738923 80517 82142 1 3685 85593 87546 8.9545 9.1591 9.3685 9.5828 9 94622 9.7027 9.9497 10.2014 10.4639 10 7314 11 0061 10 10.5668 10 8633 11.1687 11 4835 11 8078 12 1420 12 4864 11 11.4825 12.0412 12 12 8093 13 2368 12.4121 13 6803 13 139474 14.4504 149719 14 15.0969 15 6821 16 2934 15 162579 169324 17.6393 13.1920 14 6178 12.7956 13.6020 14.0255 14 1404 15.1130 15.6268 155190 16 0863 16 6770 17.2919 169119 17.5989 18 2957 19 0236 15 3802 19.1569 19 9710 208245 21 23.4716 24.8376 26.2990 27.5629 29.5368 25 28.5256 305140 326709 350117 37 5530 30 35.1327 38 1018 41 3794 45 0003 49 0027 40 49.3752 55.0819 61.6100 690876 77.6633 5.0% 6.0% 7.0% 1,0000 1,0900 1.0500 1.0550 10600 10700 2.1525 21080 2.1836 22149 2.2464 22781 3.3423 3.3746 3.3101 3.4399 4.5256 4.7507 45811 4.6371 58019 5.8881 35061 35731 4.9847 5.9753 6.1533 6.3359 63213 31-3289 33.2490 40 3131 43.3117 534295 58 3283 87.5095 98 8265 7.0192 8:3800 98021 11.2882 12.8412 11.2068 11 5779 14.4640 14.9171 16.1999 16.7130 179321 185986 19 7541 20.5756 21 7193 22.6575 35.3034 46 5706 63.7524 111 8467 5.5% 7.1420 7.2669 7.3935 7.6540 79228 $5491 87216 88975 92598 96366 10.0266 102561 10.4913 109780 11.4876 12.1808 128164 13.4866 13.9716 14.7836 15.6455 16 17.4304 18.2014 19.0121 10.8647 20.7616 21.7050 22.6075 23.7417 24.5404 25.9964 17 186147 19 4394 20 4123 21 3863 224144 23 4997 246454 25.8551 27.1324 28 4812 18 19.8109 20.7967 21 5406 229460 24 1169 25 3572 266712 280636 29.5390 31 1027 19 21.0190 22 1237 23.2974 245447 25 8704 27 2797 28.7781 30 3714 32 0660 33.8683 20 222392 234705 24.7833 26 1833 27.6765 29.2695 309092 327831 34.7193 36 7861 118754 13.5835 3.0% 16.8885 15.3856 15.8499 17.2868 17.8821 191406 19.2926 20.0151 21.3505 21.4087 22.2760 24.1290 236411 24.6725 9998 9.0% 263881 29.3243 20.5402 32.7503 27.2129 29.9057 329990 364502 32.7600 36 3790 40 4463 35.7856 39.9955 44.7620 38.9927 43.8652 49.4229 9 10.0% 1.1000 2.3100 36410 5,1051 6.7156 17.9771 19.1407 20.3843 20.4953 21.9534 23.3227 23.2149 25.0192 26.9750 26 1521 11.0% 12.0% 11100 1.1200 23744 23421 3.7097 3.7793 52278 53528 6.9129 7.1152 9.0990 $.2004 8.4872 8.7833 108594 11 2997 100285 104359 12.0210- 12.5795 13.1640 13.7757 14 1929 14.9374 15.7220 165487 16.5603 17.3312 19.6546 18 5614 21.7132 23.1331 25 2116 27.0291 29 0949 31.3926 28.3609 30.7725 33.4054 362797 32.0034 549497 38.1899 41.7333 35.9737 39.5447 43.500 47.8837 44.5992 49.3959 547497 50 1591 55.9395 024197 56.2750 63 2028 710524 63.0025 71 2651 80 6987 40.3013 45.0185 50.1601 55 7645 37.5052 39.8643 42.3923 45.0057 54.4568 61.8733 70.4027 30.1143 50 1135 53.9660 58.1564 67 6765 78.9344 92 3240 108 1818 126.9988 69 7608 764194 83 8017 101 0730 122.3459 148 5752 180 9434 220 9132 126 8398 144 1189 164.0477 213.6096 279.7810 368.2919 4868518 645.8269 91.5026 149.3339 270 2926 859 1424 20.0% 1,2000 26400 43680 64416 8.9299 11.9159 15.4991 19.7989 24.9587 31 1504 38.5805 47.4966 58-1959 71 0151 36.4421 104.9306 127 1167 153.7400 185.6180 224 0256 270.0307 566 3773 1418 2579 88126294 TABLE 4 Present Value of an Ordinary Annuity of $1 (1+² PVA- 1.0% 1.3% 2.0% 099010 098522 098039 2.5% 3.0% 097561 097087 1.92742 191347 2 197040 1.95588 1.94156 3 2.94099 291220 2.85602 2.82861 4 3.90197 385438 3.80773 3.76197 3.71710 5 485343 4.78264 4.71346 4.64583 457971 ni 1 6 5.79548 5.69719 5.60143 6.72819 6.59871 7.65168 748593 156602 $36052 10 947130 9.22218 L 1 4 4.0% 4.5% 5.0% 5.5% 60% 094787 094340 35% 090618 0.96154 095694 095238 139969 185009 187267 185941 134632 133339 2.80164 2.77509 274396 2.72325 2.69793 2.67301 3.67108 3.62990 358753 3.54595 350515 346511 431505 445182 438998 4.32948 427028 421236 4.45591 4.35526 423054 4.11141 3.31551 647199 634939 503295 436842 471220 456376 360459 5.32855 524214 515787 5.07569 4.99553 491732 4.76654 4.62288 611454 600205 589270 5.78637 568297 5.58218 538929 520637 687396 6.73274 6.46121 6.33457 620979 5.97130 5.74664 553482 533493 514612 496764 321716 760769 743533 7.26879 7.10782 695220 624689 599525 5.25902 553705 532825 403097 898259 8.75206 8.53020 3.31661 8.11090 791272 7.72173 7537637.36009 7.02358 671008 641766 614457 588923 5.65022 419247 5.41719 623028 7,01909 816224 797087 7.78611 7.32548 7.17014 685659 (1996 691089 9.0% 11.0% 12.0% 8.0% 0.92591 10.0% 20.0% 091743 090909 090090 089256 0.83333 70% 0.93455 150802 1.78326 175911 1.73554 171252 169005 152778 262432 257710 2.53129 248685 244371 240183 210648 323972 316987 3.10345 3.01735 258873 4.10020 399271 3.88965 379079 369590 3.60478 299061 338721 331213 11 10.36763 10.07112 9.78685 9.51421 9.25262 9.00155 8,76045 8.52892 8.30641 5.09254 7.55687 7.49567 7.13896 6.50519 6.49506 6.20652 5.93776 4.32706 12 11.25508 10.90751 10:57534 10.25776 9.95400 9.38507 911858 86325 61852 838354 794209 7.53608 716073 681369 649236 619417 4431922 13 12.13374 11.73153 11.34837 10.98319 10 63496 10.30274 9.98565 968285 9.39357 911708 885268 835765 790378 7.43690 7.10336 674987 642355 453368 14 13.00370 12.34338 12.10625 11 69091 11 29607 10 92052 10 56312 10 22283 939864 958965 929498 874547 524424 7.78615 736669 698187 662817 461057 15 13.86505 13.34375 12.84926 12.38138 11.93794 1151741 1111819 10.73955 10.37966 1003758 971275 9.10791 855948 206069 760608 7.19087 651086 467547 (25159 21 18.85698 17.90014 17.01111 16.15455 15.41502 14.69797 14.02916 13.40472 12.82115 12.27524 11.76408 25 22 02316 20.71961 1952346 1842438 1741315 16 45151 15.62208 1482821 14 09394 1341393 12.78136 30 25 80771 24.01584 22.39646 20 93029 19 60044 18.39205 17.29203 1628589 15.37245 1433375 13 76483 40 32.83489 2991585 2735548 25 10275 25.11477 21.35507 19 79277 18.40158 17.15909 1601612 1504630 16 14.71787 14.13124 1357771 13.05500 12.56110 12.09412 11.65230 11.25402 10.83777 10.46216 10.10590 9.44665 885137 8.31256 7.82371 737916 697309 4.72956 17 15 56225 14.90765 1429187 13.71220 13.16612 1265132 12 16567 11 70719 11 27407 10 56461 1047726 9.76122 9.12164 854363 02155 754879 711963 477463 18 16.39827 15.67256 14.99203 14 35336 13 75351 11.18968 17.65930 12.15999 1168959 11 24607 1082760 10.05909 9.37189 875563 20141 770162 724967 481219 19 1722601 16 42617 15 67846 14.97889 14.32380 13.70984 13 13394 12.59329 12.05332 11 60765 11.15812 10 31560 960160 895011 836492 783929 736578 484350 20 1804555 17 16664 1635143 15.58916 1487747 1421240 1359031 11.00794 12 46221 1195018 11 45992 10 59401 981815 912855 831356 7.96333 740944 486958 10.33553 10.01450 1165358 10 67478 12 40904 1125778 13 33171 11.92461 9.29224 864549 807507 7.56200 439132 982258 907704 842174 75014 494759 10 27365 942691 869179 805518 497894 10.75716 977905 895105 824378 499660 TABLE 3 Future Value of an Ordinary Annuity of $1 (1+0)²-1 FVA== HT 1.0% 1.5% 2.0% 2.5% 3.0% 4.0% 45% 5.0% 1 1.0000 1.0000 1,0000 10000 1.0000 1.0000 10000 10000 1.0000 2 20100 20150 20200 2.0250 20100 20150 20400 20450 20500 3 30301 30452 30004 3.0756 3.0909 3.1062 3.1216 3.1370 31525 40909 41216 43525 41836 4214 42465 42782 5.1523 5.2040 52563 5.3091 5.3625 54163 5.4707 40604 3 51010 9 41520 6.2296 6.3081 6.3877 7 7.2135 73230 6 6.7169 6.4654 6.5502 6.6330 74343 73474 76625 77794 78981 50192 85830 87381 88923 90517 92142 9:3800 9.7546 99545 10.1591 10 3685 105828 10 8021 11.2014 11 4639 117314 12.0061 12 2882 1 8.2857 84328 9.3685 95593 10 10 4622 10 7027 109497 12 12 6825 13 11 8095 14 149474 15 16 0969 16.6821 17.2934 179319 183989 19.2957 11 11.5668 11.3633 12.1687 12.4835 11.8078 13.1420 13.4564 13.5412 15.0258 15 4640 16.6268 17.1599 182919 189321 20 0236 20 7841 130412 13.4121 13.7956 14 1920 14 6020 142368 14 6803 15.1404 156178 16 1130 15.4504 159739 165190 17.0863 17 6770 16 17.2579 17.9324 18.6393 19.3802 20.1569 20.9710 21.3245 17 18.4304 19.2014 20 0121 20 8647 21.7616 22.7050 23 6975 18 19.6147 204894 21 4123 22.3563 23 4144 244997 25 6454 29 208109 21.7967 228406 239460 25 1169 26 3572 27 6712 20 22.0190 23 1237 24.2974 25.5447 268704 28.2797 29.7781 22.7193 247417 26 8531 29.06.16 31.3714 21 23.2392 24.4705 25.7833 27.1833 28.6765 30.26095 31.9692 33.7831 30 347649 375387 40.5681 41 9027 475754 51.6227 560849 61 0071 40 488864 54.3679 60.4020 67 4026 75 4013 45503 950355 107 0301 95255 4.3101 43421 43746 $5811 5.6371 1609 5.596 7.0% 10000 10000 10000 20550 20600 20700 3.1680 3.1836 32149 44399 5.7507 14.2065 159171 17.7130 193956 215786 13.4575 25.8404 24.6411 25.6725 269964 28 2129 28 1324 294812 30.9057 10.5390 32.1027 33.7600 33.0060 348683 367836 35.7193 37,7861 66.4388 72.4355 120.7995 136 6056 10.0% 11.0% 12.05 10000 10000 10000 1.0000 1.0000 2.0000 20000 21000 2.1100 21200 33100 33744 47793 61051 62278 6.3528 6.3019 6.9753 7.1533 7.3359 7.5233 7.7156 79129 81153 81420 1.2669 8.3938 16540 8.9228 9.2004 9.4872 9.7833 100890 9.3491 9.7216 93975 102598 11.0285 11.4359 11 0266 11.2563 11 4913 11.9780 12 4876 130210 13.5795 12.5779 128754 13.1808 138164 14.4866 15 1929 159374 11.1994 12.2997 14 1640 147757 167220 175487 39.9927 79 058 154 7630 1606 32464 32781 1905 9998 $ 9919 01 14.5835 14.9716 15.7836 16.6455 17.5603 18.5312 19.5614 20.4546 16.3836 16.5099 17.8585 18.9771 201407 21.3803 22.7132 241331 18.2868 183521 201406 21.4953 229534 245227 26.2116 28.0291 202926 21 0151 22.5505 242149 26.0192 27.9750 30 0949 32.3926 25.1290 27 1521 29.3609 31.7725 144054 37,2797 22.4087 23 2760 45731 46410 47097 1.9847 27.8551 30.3245 33.0034 35.9497 39.1899 42.7533 30 8402 33.7502 369737 40.5447 44.5008 33 9990 174502 41.3013 45.3992 50 3959 37:3790 41.4463 460185 31 1591 56.9395 409955 45.7620 31 1601 57 2750 64 2028 64.0025 44.3652 50.4229 56.7645 144608 111 2832 136.3075 164 4940 199 6351 259 0565 337 3824 4425926 55.7497 634397 72.0534 20.0% 1,0000 2.2000 16400 5.3680 74416 9.9299 12.9159 16.4991 20.7989 25 9587 32.1504 39.3805 48 4966 39.1959 72.0351 87.4421 105 9106 128 1167 154.7400 136 6820 72.2651 $1.4987 225.0156 199 0209 241.3327 11818816 581 8261 767 0914 75438578 TABLE 2 Present Value of $1 PV = $1 (1+0) 11.0% 1.5% 2.0% 2.5% 3.0% 3.5% 8.0% 9,0% 10.0% 20.0% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 11.0% 12.0% 1 099010 0.98522 098039 097561 0.97087 096618 096154 0.95694 095238 0.94787 094340 093458 092593 091743 0.90909 0.90090 0.89286 0.83333 2 0.98030 0.97066 0.96117 095181 094260 093351 092456 0.91573 090703 089845 089000 0.87344 085734 0.84168 0.82645 081162 079719 069444 3 097059 095632 094232 092560 091514 090194 085900 037630 086384 085161 083962 081630 0.79383 0.77218 0.75131 073119 0.71178 0.57870 4 0.96098 094218 092385 090595 088849 087144 085480 083856 082270 080722 0.79209 076290 0.73503 0.70843 068301 0.65873 0.63552 0.48225 5 095147 0.92826 090573 088385 086261 084197 082193 080245 0.78353 0.76513 0.74726 071299 0.68058 0.64993 062092 059345 056743 040188 60.94205 0.91454 0.88797 0.56230 0.83745 0.81350 6.79031 0.76790 0.74622 0.72525 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.33490 7 093272 090103 0.87056 0.34127 081309 0.78599 0.75992 0.73483 0.71068 0.68744 0.66506 0.62275 0.58349 0.54703 051316 048166 0.45235 0.27908 8 0.92348 0.88771 0.85349 082075 0.78941 0.75941 0.73069 070319 0.67654 0.65160 0.62741 0.58201 0.54027 0.50187 046651 043393 0.40388 023257 9091434 087459 083676 080073 0.76642 0.73373 0.70259 067290 064461 061763 039190 0.54393 050025 0.46043 042410 0.39092 036061 019381 10 090529 0.86167 082035 0.78120 0.74409 0.70892 067556 0.64393 061391 0.58543 055839 0.50835 046119 042241 038554 035218 032197 016151 11 0.89632 0.54893 0.50426 0.76214 0.72242 0.68495 0.64958 0.61620 0.58468 0.55491 0.52679 0.47509 0.42558 0.38753 0.35049 0.31728 0.28748 0.13459 12 0.88745 0.83639 0.78549 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 052598 0.49697 0.44401 0.39711 0.35553 0.31863 0.28584 0.25668 0.11216 13 087866 082403 0.77303 0.72542 0.68095 0.63940 060057 0.56427 0.53032 0.49856 0.46884 041496 0.36770 0.32618 0.28966 025751 0.22917 0.09346 14 0.86996 0.81185 0.75788 0.70773 0.66112 061778 0.57748 053997 050507 0.47257 044230 0.38782 0.34046 0.29925 026333 023199 020462 0.07789 15 086135 079985 0.74301 0.69047 0.64186 0.59689 055526 0.51672 048102 044793 041727 0.36245 031524 027454 023939 0.20900 018270 0.06491 16 0.85282 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.49447 0.45811 0.42458 0.39365 0.33873 0.29159 0.25157 0.21763 0.18829 0.16312 0.05409 17 084438 0.77639 0.71416 065720 0.60502 055720 051337 047318 0.43630 0.40245 037136 031657 0.27027 023107 019784 016963 0.14564 004507 18 083602 0.76491 070016 0.64117 0.58739 0.53836 049363 045280 041552 0.38147 0.35034 0.29586 025025 021199 0.17986 015282 0.13004 0.03756 19 082774 0.75361 0.68643 062553 0.57029 0.52016 0.47464 0.43330 0.39573 0.36158 0.33051 0.27651 023171 0.19449 016351 0.13768 0.11611 0.03130 20 0.81954 0.74247 067297 0.61027 0.55368 0.50257 0.45639 041464 0.37689 0.34273 0.31180 0.25842 021455 0.17543 0.14864 0.12403, 0.10367 002605 21 0.81143 0.73150 0.65978 0.59539 0.53755 0.48557 0.43833 0.39679 0.35894 0.32486 0.29416 6.24151 0.19566 0.16370 0.13513 0.11174 0.09256 0.02174 24 0.78757 0.69954 062172 055288 049193 043796 0.39012 034770 031007 027666 024698 019715 0.15770 0.12640 0.10153 0.08170 006588 0.01258 25 0.77977 068921 060953 0.53939 047761 042315 037512 033273 029530 026223 0.23300 018425 014602 011597 009230 007361 0.05882 001048 28 0.75684 0.65910 057437 050088 0.43708 035165 033348 029157 025509 022332 0.19563 015040 0.11591 0.08955 0.06934 0.05382 0.04187 000607 29 0.74934 0.64936 0.56311 048866 0.42435 036875 0.32065 0.27902 024295 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 046511 0.39999 034423 0.29646 0.25550 022036 0.19018 0.16425 0.12277 0.09202 0.06915 0.05210 0.03935 0.02980 0.00351 40 067165 055126 045289 037243 0.30656 025257 020829 0.17193 0.14205 011746 0.09722 0.06678 0.04603 0.03184 0.02209 001538 001075 0.00068 TABLE 1 Future Value of $1 FV $1(1+0) 1.0% 1.5% 2.0% 3.0% 2.5% 3.5% 4.0% 4.5% 5.0% 5.5% 1 101000 101500 102000 1.02500 103000 1.03500 104000 1.04500 105000 105500 2 1.02010 1.03022 104040 105063 1 06090 1.07123 1.08160 1.09203 1.10250 1.11303 31.03030 104568 1.06121 107689 1.09273 1.10872 1.12486 114117 115763 1.17424 4 104050 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1:19252 1.21551 1.23882 $ 105101 1.07728 1.10408 1.13141 115927 1.18769 121665 124618 127628 130696 6106152 1.09344 1.12616 115969 119405 1.22926 126532 130226 134010 137884 7 1.07214 1.10984 114869 1.18869 1.22987 1.27228 1.31593 1.36086 140710145468 8 1.08286 112649 1.17166 121840 126677 131681 1.36857 142210 147746 153469 9 1.09359 1.14339 1.19509 1.24386 1.30477 136290 142331 148610 1.55133 1.61909 10 110462 116054 121899 1.28008 134392 1.41060 1.48024 1.55297 1.62889 1.70814 11 111567 1.17795 124337 131209 138423 145997 153945 1.62285 1.71034 1.80209 12 112683 1.19562 126824 1.34489 142576 151107 160103 1.69588 179586 1.90121 13 113809 1.21355 1.29361 137851 1.46853 156396 1.66507 1.77220 1.88565 2.00577 14 114947 1.23176 1.31948 141297 151259 1.61869 1.73168 1.85194 197993 211609 15 116097 125023 134587 144830 155797 1.67535 1.80094 1.93528 207893 223248 6.0% 7.0% 9.0% 11.0% 12.0% 1,09000 1.18810 1.22504 1.25971 1.29503 1.33100 1.36763 110000 1.21000 1.11000 123210 151807 1.31080 140255 1.36049 1.41158 1.46933 146410 153862 1.61051 1.68506 8.0% 1.00000 1,07000 1.08000 112360 1.14490 1.16640 1.19102 1.26248 133823 1.41852 1.50073 1.50363 1.60578 1,59385 1.68948 1.71819 1.83846 1.79085 196715 16 117258 126899 137279 148451 160471 1.73399 1.87298 202237 2.18287 235526 254035 17 118430 1.28802 1.40024 152162 165285 1.79468 1.94790 211338 2.29202 248480 2.69277 285434 18 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 3.02560 19 120811 1.32695 145681 159865 1.75351 192250 210685 2.30786 2.52695 2.76565 20 122019 1.34686 148595 163862 1.80611 1.98979 219112 241171 265330 291776 3.20714 1.58687 1.67710 1.71382 182804 1.85093 199256 1.99900 2.17189 2.15892 2.36736 10.0% 2.10485 1.89830 2.33164 201220 225219 2.51817 2.40985 2.13293 2.26090 2.57853 2.39656 2.75903 1.77156 1.87041 194872 214359 235795 2.59374 1.97382 207616 2.21068 247596 2.30454 255804 2.77308 283942 3.10585 258043 285312 2.81266 3.13843 271902 3.06580 3.45227 388328 2.93719 3.34173 3,79750 4.31044 3.17217 3.64248 4.17725 4.78459 1.12000 1.25440 1.40493 1.57352 1.76234 3.15176 3.47855 3.49845 3.89598 436349 488711 5.47357 295216 3.42594 3.97031 4.59497 5.31089 6.13039 3.15882 3.70002 432763 5.05447 5.89509 6.86604 3.37993 3.99602 471712 5.55992 6.54355 7.68997 3.61653 4:31570 514166 6.11591 726334 61276 3.86968 4,60096 560441 672750 8.06231 9.64629 20.0% 120000 144000 172800 2.07360 2.48832 298598 3.58318 4.29982 5.15978 6.19174 7.43008 891610 10.69932 12.83918 15.40702 18.48843 22.18611 26 02333 31.94800 38 33760 21 123239 1.36706 151567 167958 1.86029 2.05943 2.27877 252024 278596 307823 3.39956 4.14056 5.03383 6.10881 740025 1.94917 10.80385 25 128243 145095 1.64061 185194 209378 2.36324 2.66584 300543 3.38635 381339 4.29187 542743 6.54848 862308 1083471 13.58546 17.00006 30 134785 156308 181136 209757 242726 2.80679 3.24140 4.9835 5.74349 7.61226 10.06266 13.26768 17.44940 22.89230 29.95992 40 148886 181402 220804 268506 126204 3.99926 4.80102 581636 7.03999 851331 10.28572 14.97446 21 72452 31 40942 45.25926 65.00087 93.05097 1469.77160 237.37631 46.00512 95 39622

Answer rating: 100% (QA)

To answer this question we need to determine the price of the bonds on June 30 2021 using present value concepts and then calculate the interest expen... View the full answer