Req 1 to 3 Req 4 Req 5 What is the amount of each semiannual interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. Semiannual Semiannual cash Par (maturity) value interest payment Rate 28 of 30 Next> 9.0% Req 1 to 3 Req 4 Req 5 Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round intermediate calc ions to the nearest dollar amount.) Table Values are Based on: Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds Req 1 to 3 Req 5 Jwwccc Req 1 to 3 Req 4 Req 5 Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round intermediate calculations to the nearest dollar amount.) Table Values are Based on: n Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds Req 5> to 3 Journal entry worksheet 1 Record the issue of bonds with a par value of $560,000 for cash. Note: Enter deblt fore credits. Transaction General Journal Debit Credit Clear entry Record entry View general journal Prov 28 of 30 Next TABLE B.1 p 1/(1+i Present Value of 1 Rate Perlods 1% 2% 3% 4% 5% 6% 7% 8% 10 % 9% 12% 15% 1 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8696 2 0.9803 0.9706 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.7972 0.7561 3 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.7118 0.6575 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 0.5718 5 0.9057 0.9515 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5674 0.4972 6 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.5835 0.5963 0.5645 0.5066 0.4323 7 0.9327 0.9235 0.8706 0.8535 0.8131 0.7894 0.7599 0.7307 0.7107 0.6651 0.6274 0.6227 0.5470 0.5132 0.4665 0.4523 0.4039 0.3759 0.3269 8 0.6768 0.5820 0.5403 0.5019 0.9143 0.8368 0.7664 0.7026 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 0.3606 0.2843 10 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.3855 0.3220 0.2472 0.5083 0.4632 0.4289 0.4224 0.8963 11 0.8043 0.7224 0.6496 0.5847 0.5268 0.4751 0.3875 0.3505 0.2875 0.2149 12 13 0.8874 0.7885 0.7730 0.7014 0.6810 0.6246 0.6006 0.5568 0.5303 0.4970 0.4688 0.4440 0.4150 0.3971 0.3677 0.3555 0.3262 0.3186 0.2897 0.2633 0.2567 0.1869 0.2292 0.1625 0.8787 0.2046 0.1413 0.8700 0.7579 0.6611 0.5775 0.5051 0.4423 0.3878 0.3405 0.2992 14 0.3624 03152 0.2745 0.2394 0.1827 0.1229 0.1069 00929 0.0808 0.7430 0.6419 0.5553 0.5339 0.4810 0.4173 15 0.8613 0.2519 0.2919 0.1631 0.4581 0.3936 0.3387 0.3166 0.2959 0.2176 0.8528 0.7284 0.6232 16 0.2703 0.2502 0.2311 0.1978 0.1456 0.5134 0.4936 0.4363 0.4155 0.3957 0.3769 0.2953 0.3714 17 18 0.8444 0.8360 0.7142 0.6050 0.2120 0.1799 0.1300 0.3503 0.7002 0.5874 0.2317 0.2145 0.1460 00994 0.1945 0.1635 0.1486 0.0923 0.1161 0.0703 0.3305 0.2765 0.8277 0.8195 0.6864 0.5703 0.5537 0.4746 0.4564 19 0.2584 0.1784 0.1037 0.0611 0.3118 20 0.6730 0.6095 00304 0.1160 0.0754 0.0588 0.0334 0.1842 0.2330 0.4776 0.4120 0.3751 25 0.7798 0.0573 0.0151 0.0075 0.0037 0.1314 0.0937 0.2314 0.1741 0.3083 0.2534 0 2083 0.7419 0.7059 0.5521 0.5000 30 0.0676 00490 00356 00189 0.1301 0.0972 0.1813 0.3554 0.3066 35 00107 0.0460 0.0318 0.0221 0.0668 0.1420 0.6717 0.4529 40 td incompute the rresent value of a known future amount For example: How much would you noed to invest today at 10% compounded semiannually to accumulate $5000 in 6 years TABLE B.2 f= (1 +i Future Value of 1 Rate Perlods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 0 1.0000 1,0000 1.0000 1.0000 1.0000 1,0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1 1.0404 1.0201 1.0100 1.0300 1.0400 10500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1200 1.1500 1.0816 1,0609 1.1025 1.1576 1.1881 1.2100 1.2544 2 1,1236 1.1449 1.1664 1.3225 1.0927 1.1249 1.3310 14049 1.5209 3 1.0303 1.0612 1.1910 1.2250 1.2597 1.2950 14116 1.5386 1.4641 1.5735 1.7490 4 1.0406 1.0824 1.1255 1.1699 12155 1.2625 1.3108 1.3605 1.6105 1.7623 2.0114 5 1.0510 1.1041 1.1593 1.2167 1.2763 1.3382 1.4026 1.4693 1.7716 6 1.4185 1.6771 1.9738 2.3131 1.0615 1.1262 1.1941 1.2653 1.3401 1.5007 1.5869 2.2107 2.6600 1.2299 1.3159 1.4071 1.6058 1.7138 1.8280 1.9487 1,0721 1.1487 1.5036 3.0590 2.4760 1,0829 1.3686 1.4775 1.5938 1.7182 1.8509 1.9926 2.1436 8 1.1717 1.2668 2.3579 2.7731 3.5179 9 1.1951 1.3048 1.4233 1.5513 1.6895 1.8385 1.9990 2.1719 1.0937 2.1589 3.1058 4.0456 1.6289 1.7908 1.9672 2.3674 2.5937 1.1046 1.2190 1.3439 1.4802 10 25804 2.3316 2.8531 3.4785 4.6524 1.3842 1.5395 1.7103 18983 2.1049 11 1.1157 1.2434 2.5182 2.8127 3.0658 3.1384 3.8960 4.3635 5.3503 6.1528 1.7959 2.0122 2.2522 1.1268 1.2682 14258 1.6010 12 18856 2.7196 3.4523 1.6651 2.1329 2.4098 1.1381 1.2936 1.4685 13 7.0757 2.9372 3.3417 3.7975 4.8871 1.9799 2.2609 2.5785 1.3195 1.5126 1.7317 14 1.1495 8.1371 3.1722 3.6425 4.1772 5.4736 1.5580 2.0789 2.3966 2.7590 1.8009 15 1.1610 1.3459 3.4259 39703 4.5950 6.1304 9.3576 10.7613 12.3755 2.5404 2.9522 1.6047 1.8730 2.1829 16 1.1726 1.3728 3.1588 3.7000 4.3276 4.7171 5.0545 5.5599 6.8660 1.4002 1.4282 2.2920 26928 2.8543 1.9479 17 18 1.1843 1,6528 7.6900 3.3799 3.9960 2.4066 1.7024 2.0258 1.1961 14.2318 4.3157 5.1417 6.1159 8.6128 3.0256 3.6165 2.1068 2.5270 1.4568 1.7535 19 1.2081 9.6463 16.3665 32.9190 3.8697 4.6610 5.6044 6.7275 3.2071 2.1911 2.6533 1.2202 1.4859 1.8061 20 17.0001 5.4274 6.8485 8.6231 10.8347 2.6658 4.2919 3.3864 1.2824 1.6406 2.0938 25 17.4494 28.1024 66.2118 133.1755 267.8635 13.2677 20.4140 29.9599 7.6123 10.6766 10.0627 4.3219 55160 5.7435 2.4273 3.2434 1.3478 1.4166 1.8114 30 52.7996 14.7853 7.6861 1.9999 3.9461 28139 35 93.0510 21.7245 31.4094 45.2593 14.9745 70400 10.2857 3.2620 4.8010 1.4889 2.2080 40 Used to compete the future value of a known present amount. For eample: What is the accumdated value of $3,000 imvested today at 8% compounded quarterh r 5 years? Using the factors of e 20 and im 2s (20 quarerhy periods and a quarterly interesd rate of 2%), the factor is 1.4859. The accumulated value is $4.457 70 (53000 x 14R59) 1 TABLE B.3 /i (1+i) Present Value of an Annuity of 1 Rate 2% Perlods 1% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 0.8929 1 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8696 1.6257 1.6901 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 2 1.9704 2.5771 25313 2.4018 2.2832 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.4869 3 4 2.9410 3.1699 3.0373 28550 3.8077 3.7171 3.6299 3.5460 3.4651 3.3872 3.3121 3.2397 3.9020 3.8897 4.4859 3.7908 3.6048 3.3522 4.7135 5.6014 4.5797 5.4172 4.4518 5.2421 6.0021 4.3295 5.0757 4.2124 4.1002 3.9927 5 4.8534 3.7845 4.3553 4.1114 6 4.9173 4.7665 4.6229 5.2064 5.7955 4.8684 4.5638 4.1604 5.3893 5.0330 6.7282 6.4720 6.2303 5.7864 5.5824 7 4.4873 4.7716 55348 5.3349 5.7590 4.9676 6.7327 6.2098 5.9713 6.5152 7.0236 5.7466 7.6517 7.3255 7.0197 6.4632 5.3282 6.2469 6.7101 5 7.7861 7.4353 7.1078 6.8017 8.5660 9.4713 8.1622 5.6502 5.0188 6.4177 6.1446 8.1109 7.7217 7.3601 8.9826 8.5302 10 5.2337 6.8052 6.4951 5.9377 7.8869 7.4987 7.1390 9.2526 8.7605 8.3064 11 10.3676 9.7868 5.4206 8.8633 75361 7.9038 8.2442 7.1607 7.4869 6.8137 6.1944 9.9540 8.3838 8.8527 92950 9.7122 7.9427 10.5753 9.3851 12 11.2551 9.9856 7.1034 6.4235 5.5831 8.3577 9.3936 11.3484 12.1062 12.8493 13.5777 10.6350 13 12.1337 5.7245 5.8474 7.7862 8.0607 7.3667 6.6282 8.7455 11.2961 10.5631 11.1184 11.6523 12.1657 9.8986 14 13.0037 6.8109 6.9740 7.1196 8.5595 7,6061 9.1079 11.9379 10.3797 15 13.8651 5.9542 8.8514 9.1216 8.3126 7.8237 10.8378 10.1059 9.4466 12.5611 16 14.7179 6.0472 9.7632 8.5436 8.0216 10.4773 11.2741 13.1661 15.5623 14.2919 17 6.1280 8.7556 8.2014 7.2497 10.0591 9.3719 11.6896 10.8276 13.7535 12.6593 14.9920 15.6785 18 16.3983 6.1982 11.1581 9.6036 8.9501 8.3649 7.3658 13.1339 13.5903 15.6221 17.2920 10.3356 12.0853 14.3238 19 17.2260 7.4694 8.5136 6.2593 10.5940 9.8181 9.1285 11.4699 12.4622 14.8775 18.0456 16.3514 20 7.8431 6.4641 10.6748 9.8226 10.2737 9.0770 9.4269 11.6536 14.0939 12.7834 13.7648 17.4131 25 30 22.0232 19.5235 8.0552 6.5660 11.2578 12.4090 15.3725 25.8077 29.4086 22.3965 19.6004 10.5668 6.6166 9.6442 8.1755 8.2438 14.4982 12.9477 11.6546 16.3742 18.6646 21.4872 35 24.9986 6.6418 11.9246 10.7574 9.7791 13.3317 15.0463 17.1591 19.7928 27.3555 23.1148 40 32.8347 Used to cakulate the present value of a series of oqual payments made at the end of cach period For example: What is the present value of $2,000 per year for 10 years assuming an annual interest rate of 9%.For (n 10.i 9) the PV factor is 6.417.$2.000 per year for 10 years is the equivalesa of S12.835 today (52.000 x 64177 TABLE B.4 f=[(1+-1Vi Future Value of an Annuity of 1 Rate Perlods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 1 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 10000 1.0000 1.0000 2.0100 2.0200 2.0300 2.0400 2.0500 2.0600 3.1836 2.0700 2.0800 2.0900 3.2781 45731 2.1000 2.1200 2.1500 3 3.0301 3.0604 3.0909 4.1836 5.3091 3.1216 3.1525 3.2149 3.2464 4.5061 5.8666 3.3100 3.3744 4.793 3.4725 4 4,0604 4.1216 4.2465 4.3101 4.3746 4.4399 4.6410 4.9934 5.1010 5.2040 5.4163 5.5256 5.6371 5.7507 5.9847 6.1051 6.3528 6.7424 6.1520 6.3081 6.4684 6.6330 7.8983 6.8019 6.9753 7.1533 7.3359 7.5233 7.7156 8.1152 8.7537 7.2135 7.4343 7.6625 8.1420 8.3938 8.6540 8.9228 9.2004 9.4872 10.0890 11.0668 8 8.2857 8.5830 8.8923 10.1591 9.2142 9.5491 9.8975 10.2598 10.6366 11.0285 11.4359 12.2997 13.7268 9.3685 9.7546 10.5828 11.0266 11.4913 11.9780 12.4876 13.0210 13.5795 14.7757 16.7858 10.4622 10.9497 10 11.4639 12.5779 12.0061 13.1808 13.8164 14.4866 15.1929 15.9374 17.5487 20.3037 11 11,5668 12.1687 12.8078 13.4864 14.2068 14.9716 15.7836 16.6455 17.5603 18.5312 24.3493 20.6546 12 12.6825 13.4121 14.1920 15.0258 15.9171 16.8699 17.8885 18.9771 20.1407 21.3843 24.1331 29.0017 15.6178 17.0863 13 13.8093 14.6803 16.6268 18.2919 17.7130 19.5986 18.8821 21.0151 22.9534 20.1406 21.4953 24.5227 27.9750 28.0291 32.3926 34.3519 22.5505 14 14.9474 15.9739 17.2934 24.2149 26.0192 40.5047 15 16.0969 18.5989 20.0236 21.5786 23.2760 25.1290 27.1521 29.3609 33.0034 31.7725 37.2797 475804 25.6725 17.2579 18.6393 20.1569 21.8245 23.6575 16 27.8881 30 3243 35.9497 42.7533 55.7175 23.6975 33.7502 48.8837 17 18.4304 20.0121 21.7616 25.8404 28.2129 30.8402 36 9737 40 5447 65.0751 45.5992 18 19.6147 21.4123 23.4144 25.6454 28.1324 30.9057 33.9990 374502 41.3013 55.7497 75.8364 88.2118 33.7600 37.3790 41.4463 19 20.8109 22.8406 25.1169 27.6712 30.5390 46.0185 51,1591 63.4397 29.7781 41.6459 56.0849 57.2750 98.3471 164.4940 26.8704 20 22.0190 24.2974 33.0660 36.7856 40.9955 45.7620 51,1601 72.0524 133.3339 102.4436 47.7271 548645 63.2490 73.1059 84.7009 25 30 28.2432 32.0303 36.4593 212.7930 79.0582 664388 94.4608 113.2832 136.3075 34.7849 405681 47.5754 241.3327 434.7451 60.4621 90.3203 111.4348 138.2369 199.6351 172.3168 215.7108 271.0244 259.0565 431.6635 35 40 41.6603 48.8864 49.9945 604020 73.6522 95.0255 120.7998 881.1702 1,779.0903 154.7620 337.8824 75.4013 442 5926 767.0914 Used to caloulate the futune value of a series of equal payments made at the end of each period. For example: What is the fue value of $4,000 per year for 6 years assaming an annual innerest raie of 8For in 6,i ) de FV fator is 7.3359, 54.000 per ear for 6 years ccumolates to $29.343.60 (54.000x 7.3359 Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in 8 years and pay 7% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10 %. (Table B1, Table B.2. Table B.3. and Table B 4 (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be mace on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue date. 5. Prepare the journal entry to record the bonds' issuance Complete this question by entering your answers in the tabs below. Req 5 Req 4 Req 1 to 3 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list