Exhibit 7 Present Value of an Annuity of $1 at Compound Interest Periods 4% 4 % 5% 6% 7% 10% 11% 12% 13% 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 0.95694 1.87267 1. 0.96154 1.88609 1.85941 1.84632 1.83339 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 3. 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 4 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 3.16987 3.10245 3.03735 2.97447 5. 4.45182 4.38998 4.32948 4.27028 4.21236 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 5.24214 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 4.86842 4.71220 4.56376 4.42261 7. 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 5.33493 5.14612 4.96764 4.79677 8. 6.73274 5.13166 5.42624 7.26879 7.10782 6.95220 6.80169 6.65610 6.51523 5.75902 5.53705 5.32825 6. 7.43533 7.72173 7.53763 7.36009 7.18883 7.02358 6.14457 5.88923 5.65022 10 8.11090 7.91272 Present value of bonds payable; premium Moss Co. issued $42,000,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9% Determine the present value of the bonds payable using the present value tables in Exhibits 5 and 7. (Round to the nearest dollar.)
Exhibit 7 Present Value of an Annuity of $1 at Compound Interest Periods 4% 4 % 5% 6% 7% 10% 11% 12% 13% 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 0.95694 1.87267 1. 0.96154 1.88609 1.85941 1.84632 1.83339 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 3. 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 4 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 3.16987 3.10245 3.03735 2.97447 5. 4.45182 4.38998 4.32948 4.27028 4.21236 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 5.24214 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 4.86842 4.71220 4.56376 4.42261 7. 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 5.33493 5.14612 4.96764 4.79677 8. 6.73274 5.13166 5.42624 7.26879 7.10782 6.95220 6.80169 6.65610 6.51523 5.75902 5.53705 5.32825 6. 7.43533 7.72173 7.53763 7.36009 7.18883 7.02358 6.14457 5.88923 5.65022 10 8.11090 7.91272 Present value of bonds payable; premium Moss Co. issued $42,000,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9% Determine the present value of the bonds payable using the present value tables in Exhibits 5 and 7. (Round to the nearest dollar.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exhibit 7 Present Value of an Annuity of $1 at Compound Interest
Periods
4%
4 %
5%
6%
7%
10%
11%
12%
13%
0.95238
0.94787
0.94340
0.93897
0.93458
0.90909
0.90090
0.89286
0.88496
0.95694
1.87267
1.
0.96154
1.88609
1.85941
1.84632
1.83339
1.82063
1.80802
1.73554
1.71252
1.69005
1.66810
3.
2.77509
2.74896
2.72325
2.69793
2.67301
2.64848
2.62432
2.48685
2.44371
2.40183
2.36115
4
3.62990
3.58753
3.54595
3.50515
3.46511
3.42580
3.38721
3.16987
3.10245
3.03735
2.97447
5.
4.45182
4.38998
4.32948
4.27028
4.21236
4.15568
4.10020
3.79079
3.69590
3.60478
3.51723
5.15787
5.07569
4.99553
4.91732
4.84101
4.76654
4.35526
4.23054
4.11141
3.99755
5.24214
6.00205
5.89270
5.78637
5.68297
5.58238
5.48452
5.38929
4.86842
4.71220
4.56376
4.42261
7.
6.59589
6.46321
6.33457
6.20979
6.08875
5.97130
5.33493
5.14612
4.96764
4.79677
8.
6.73274
5.13166
5.42624
7.26879
7.10782
6.95220
6.80169
6.65610
6.51523
5.75902
5.53705
5.32825
6.
7.43533
7.72173
7.53763
7.36009
7.18883
7.02358
6.14457
5.88923
5.65022
10
8.11090
7.91272
Transcribed Image Text:Present value of bonds payable; premium
Moss Co. issued $42,000,000 of five-year, 11%
bonds, with interest payable semiannually, at a
market (effective) interest rate of 9% Determine
the present value of the bonds payable using the
present value tables in Exhibits 5 and 7. (Round to
the nearest dollar.)
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