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Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 0.96154 5% 0.95238 0.90703 6% 62% 0.93897 7% 0.93458 10% 0.90909 11% 12% 0.89286 13% 0.88496 0.94787 0.89845 0.90090 0.956940 0.915730 0.94340 0.92456 0.88900 0.85480 0.82193 0.82645 0.78315 0.89000 0.88166 0.82785 0.87344 0.81630 0.81162 0.73119 0.65873 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.69305 0.61332 0.54276 0.48032 0.42506 0.876300 0.85161 0.75131 0.86384 0.82270 0.78353 0.74622 0.71068 0.83962 0.80722 0.77732 0.72988 0.838560 0.802450 0.767900 0.734830 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.79209 0.76290 0.59345 0.53464 0.48166 0.76513 0.72525 0.74726 0.79031 0.75992 0.73069 0.70259 0.71299 0.66634 0.62275 0.58201 0.54393 0.68533 0.64351 0.70496 0.68744 0.66506 0.62741 0.60423 0.56735 0.53273 0.40388 0.37616 0.33288 0.29459 0.43393 0.67684 0.64461 0.61391 0.703190 0.65160 0.61763 0.58543 0.39092 0.36061 10 0.67556 0.672900 0.643930 0.59190 0.55839 0.50835 0.38554 0.32197 0.35218 Present Value of an Annuity of $1 at Compound Interest Exhibit 7 4% Periods 0.96154 5% 12% 0.89286 1.69005 6% 11% 0.93897 1.82063 7% 0.93458 10% 0.90909 13% 0.88496 1.66810 0.95694 0.95238 0.94787 1.84632 0.94340 1.83339 0.90090 1.71252 1.87267 2.74896 1.88609 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 1.80802 1.73554 2.64848 2.48685 2.44371 2.77509 3.62990 2.67301 2.62432 3.38721 2.40183 3.03735 2.36115 2.69793 4 3.46511 2.97447 3.51723 3.99755 4.42261 4.79677 5.13166 3.58753 3.42580 3.16987 3.10245 3.50515 4.27028 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457 4.45182 5.24214 3.69590 4.23054 4.71220 3.60478 4.11141 4.38998 4.21236 4.15568 4.10020 5.15787 4.99553 4.91732 4.84101 4.76654 6.00205 6.73274 5.89270 6.59589 5.68297 6.33457 5.58238 6.20979 5.48452 6.08875 6.65610 7.18883 5.38929 4.56376 5.97130 5.14612 4.96764 7.43533 8.11090 7.26879 7.91272 6.95220 7.53763 6.80169 7.36009 5.32825 5.65022 6.51523 5.53705 5.88923 10 7.72173 7.02358 5.42624

Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 0.96154 5% 0.95238 0.90703 6% 62% 0.93897 7% 0.93458 10% 0.90909 11% 12% 0.89286 13% 0.88496 0.94787 0.89845 0.90090 0.956940 0.915730 0.94340 0.92456 0.88900 0.85480 0.82193 0.82645 0.78315 0.89000 0.88166 0.82785 0.87344 0.81630 0.81162 0.73119 0.65873 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.69305 0.61332 0.54276 0.48032 0.42506 0.876300 0.85161 0.75131 0.86384 0.82270 0.78353 0.74622 0.71068 0.83962 0.80722 0.77732 0.72988 0.838560 0.802450 0.767900 0.734830 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.79209 0.76290 0.59345 0.53464 0.48166 0.76513 0.72525 0.74726 0.79031 0.75992 0.73069 0.70259 0.71299 0.66634 0.62275 0.58201 0.54393 0.68533 0.64351 0.70496 0.68744 0.66506 0.62741 0.60423 0.56735 0.53273 0.40388 0.37616 0.33288 0.29459 0.43393 0.67684 0.64461 0.61391 0.703190 0.65160 0.61763 0.58543 0.39092 0.36061 10 0.67556 0.672900 0.643930 0.59190 0.55839 0.50835 0.38554 0.32197 0.35218 Present Value of an Annuity of $1 at Compound Interest Exhibit 7 4% Periods 0.96154 5% 12% 0.89286 1.69005 6% 11% 0.93897 1.82063 7% 0.93458 10% 0.90909 13% 0.88496 1.66810 0.95694 0.95238 0.94787 1.84632 0.94340 1.83339 0.90090 1.71252 1.87267 2.74896 1.88609 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 1.80802 1.73554 2.64848 2.48685 2.44371 2.77509 3.62990 2.67301 2.62432 3.38721 2.40183 3.03735 2.36115 2.69793 4 3.46511 2.97447 3.51723 3.99755 4.42261 4.79677 5.13166 3.58753 3.42580 3.16987 3.10245 3.50515 4.27028 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457 4.45182 5.24214 3.69590 4.23054 4.71220 3.60478 4.11141 4.38998 4.21236 4.15568 4.10020 5.15787 4.99553 4.91732 4.84101 4.76654 6.00205 6.73274 5.89270 6.59589 5.68297 6.33457 5.58238 6.20979 5.48452 6.08875 6.65610 7.18883 5.38929 4.56376 5.97130 5.14612 4.96764 7.43533 8.11090 7.26879 7.91272 6.95220 7.53763 6.80169 7.36009 5.32825 5.65022 6.51523 5.53705 5.88923 10 7.72173 7.02358 5.42624

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Moss. Co issued $450,000 of four-year, 12% bonds, with interest payable semiannualyy, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tablie in Ex. 5 and Ex. 7. Round to the nearest dollar.

Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 0.96154 5% 0.95238 0.90703 6% 62% 0.93897 7% 0.93458 10% 0.90909 11% 12% 0.89286 13% 0.88496 0.94787 0.89845 0.90090 0.956940 0.915730 0.94340 0.92456 0.88900 0.85480 0.82193 0.82645 0.78315 0.89000 0.88166 0.82785 0.87344 0.81630 0.81162 0.73119 0.65873 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.69305 0.61332 0.54276 0.48032 0.42506 0.876300 0.85161 0.75131 0.86384 0.82270 0.78353 0.74622 0.71068 0.83962 0.80722 0.77732 0.72988 0.838560 0.802450 0.767900 0.734830 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.79209 0.76290 0.59345 0.53464 0.48166 0.76513 0.72525 0.74726 0.79031 0.75992 0.73069 0.70259 0.71299 0.66634 0.62275 0.58201 0.54393 0.68533 0.64351 0.70496 0.68744 0.66506 0.62741 0.60423 0.56735 0.53273 0.40388 0.37616 0.33288 0.29459 0.43393 0.67684 0.64461 0.61391 0.703190 0.65160 0.61763 0.58543 0.39092 0.36061 10 0.67556 0.672900 0.643930 0.59190 0.55839 0.50835 0.38554 0.32197 0.35218
Transcribed Image Text:Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 0.96154 5% 0.95238 0.90703 6% 62% 0.93897 7% 0.93458 10% 0.90909 11% 12% 0.89286 13% 0.88496 0.94787 0.89845 0.90090 0.956940 0.915730 0.94340 0.92456 0.88900 0.85480 0.82193 0.82645 0.78315 0.89000 0.88166 0.82785 0.87344 0.81630 0.81162 0.73119 0.65873 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.69305 0.61332 0.54276 0.48032 0.42506 0.876300 0.85161 0.75131 0.86384 0.82270 0.78353 0.74622 0.71068 0.83962 0.80722 0.77732 0.72988 0.838560 0.802450 0.767900 0.734830 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.79209 0.76290 0.59345 0.53464 0.48166 0.76513 0.72525 0.74726 0.79031 0.75992 0.73069 0.70259 0.71299 0.66634 0.62275 0.58201 0.54393 0.68533 0.64351 0.70496 0.68744 0.66506 0.62741 0.60423 0.56735 0.53273 0.40388 0.37616 0.33288 0.29459 0.43393 0.67684 0.64461 0.61391 0.703190 0.65160 0.61763 0.58543 0.39092 0.36061 10 0.67556 0.672900 0.643930 0.59190 0.55839 0.50835 0.38554 0.32197 0.35218
Present Value of an Annuity of $1 at Compound Interest Exhibit 7 4% Periods 0.96154 5% 12% 0.89286 1.69005 6% 11% 0.93897 1.82063 7% 0.93458 10% 0.90909 13% 0.88496 1.66810 0.95694 0.95238 0.94787 1.84632 0.94340 1.83339 0.90090 1.71252 1.87267 2.74896 1.88609 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 1.80802 1.73554 2.64848 2.48685 2.44371 2.77509 3.62990 2.67301 2.62432 3.38721 2.40183 3.03735 2.36115 2.69793 4 3.46511 2.97447 3.51723 3.99755 4.42261 4.79677 5.13166 3.58753 3.42580 3.16987 3.10245 3.50515 4.27028 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457 4.45182 5.24214 3.69590 4.23054 4.71220 3.60478 4.11141 4.38998 4.21236 4.15568 4.10020 5.15787 4.99553 4.91732 4.84101 4.76654 6.00205 6.73274 5.89270 6.59589 5.68297 6.33457 5.58238 6.20979 5.48452 6.08875 6.65610 7.18883 5.38929 4.56376 5.97130 5.14612 4.96764 7.43533 8.11090 7.26879 7.91272 6.95220 7.53763 6.80169 7.36009 5.32825 5.65022 6.51523 5.53705 5.88923 10 7.72173 7.02358 5.42624
Transcribed Image Text:Present Value of an Annuity of $1 at Compound Interest Exhibit 7 4% Periods 0.96154 5% 12% 0.89286 1.69005 6% 11% 0.93897 1.82063 7% 0.93458 10% 0.90909 13% 0.88496 1.66810 0.95694 0.95238 0.94787 1.84632 0.94340 1.83339 0.90090 1.71252 1.87267 2.74896 1.88609 1.85941 2.72325 3.54595 4.32948 5.07569 5.78637 6.46321 7.10782 1.80802 1.73554 2.64848 2.48685 2.44371 2.77509 3.62990 2.67301 2.62432 3.38721 2.40183 3.03735 2.36115 2.69793 4 3.46511 2.97447 3.51723 3.99755 4.42261 4.79677 5.13166 3.58753 3.42580 3.16987 3.10245 3.50515 4.27028 3.79079 4.35526 4.86842 5.33493 5.75902 6.14457 4.45182 5.24214 3.69590 4.23054 4.71220 3.60478 4.11141 4.38998 4.21236 4.15568 4.10020 5.15787 4.99553 4.91732 4.84101 4.76654 6.00205 6.73274 5.89270 6.59589 5.68297 6.33457 5.58238 6.20979 5.48452 6.08875 6.65610 7.18883 5.38929 4.56376 5.97130 5.14612 4.96764 7.43533 8.11090 7.26879 7.91272 6.95220 7.53763 6.80169 7.36009 5.32825 5.65022 6.51523 5.53705 5.88923 10 7.72173 7.02358 5.42624
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