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1. Determine the present value of seven-year bonds payable with face value of $87,000 and stated interest rate of 14%, paid semiannually. The market rate
1. Determine the present value of seven-year bonds payable with face value of $87,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. 2. Same bonds payable as in Requirement 1 , but the market interest rate is 16%. 3. Same bonds payable as in Requirement 1 , but the market interest rate is 10%. Interest rates determine the present value of future amounts, (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuify of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuily of $1 table.) Read the Eoquirements
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