Present value of 1 for 8 periods at 10% 0.46651 Present value of 1 for 8 periods at 12% 0.40388 Present value of 1 for 16 periods at 5% 0.45811 Present value of 1 for 16 periods at 6% 0.39365 Present value of annuity for 8 periods at 10% 5.33493 Present value of annuity for 8 periods at 12% 4.96764 Present value of annuity for 16 periods at 5% 10.83777 Present value of annuity for 16 periods at 6% 10.10590 The present value of the principal is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On January 1, 2024, Wildhorse Co. issued eight-year bonds with a face value of $6010000 and a stated interest rate of 10%, payable
semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:
Present value of 1 for 8 periods at 10%
0.46651
Present value of 1 for 8 periods at 12%
0.40388
Present value of 1 for 16 periods at 5%
0.45811
Present value of 1 for 16 periods at 6%
0.39365
Present value of annuity for 8 periods at 10%
Present value of annuity for 8 periods at 12%
Present value of annuity for 16 periods at 5%
Present value of annuity for 16 periods at 6%
5.33493
4.96764
10.83777
10.10590
The present value of the principal is
O $2365837.
O $2427319.
O $2753241.
O $2803725.
Transcribed Image Text:On January 1, 2024, Wildhorse Co. issued eight-year bonds with a face value of $6010000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 8 periods at 10% 0.46651 Present value of 1 for 8 periods at 12% 0.40388 Present value of 1 for 16 periods at 5% 0.45811 Present value of 1 for 16 periods at 6% 0.39365 Present value of annuity for 8 periods at 10% Present value of annuity for 8 periods at 12% Present value of annuity for 16 periods at 5% Present value of annuity for 16 periods at 6% 5.33493 4.96764 10.83777 10.10590 The present value of the principal is O $2365837. O $2427319. O $2753241. O $2803725.
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