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Interest rates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.) - (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of $1 table.) 3 (Click the icon to view the Future Value of Annuity of $1 table.) Requirements 1. Determine the present value of six-year bonds payable with face value of $92,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% 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 8%. Requirement 1. Determine the present value of six-year bonds payable with face value of $92,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 10% annually Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 16%. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 16% annually Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 8%. (Round interim calculations and final answer to the nearest whole dollar.) Present Value Enter any number in the edit fields and then continue to the next question. Savvy Drive-Ins borrowed money by issuing $4,000,000 of 4% bonds payable at 98.5. Requirements 1. How much cash did Sawy receive when it issued the bonds payable? 2. How much must Savvy pay back at maturity? 3. How much cash interest will Savvy pay each six months? Requirement 1. How much cash did Savvy receive when it issued the bonds payable? Savvy received when the bonds payable were issued. Requirement 2. How much must Savvy pay back at maturity? At maturity, Savvy must pay back C . Requirement 3. How much cash interest will Savvy pay each six months ? Savvy will pay interest of each six months. Enter any number in the edit fields and then continue to the next