An investor has two bonds in his portfolio that have a face value of $$1,000$ and pay an $11\%$ annual coupon. Bond L matures in $18$ years, while Bond S matures in $1$ year.

What will the value of the Bond L be if the going interest rate is $6\%,7\%,$ and $12\%?$ Assume that only one more interest payment is to be made on Bond S at its maturity and that $18$ more payments are to be made on Bond L$.$ Round your answers to the nearest cent.

$6\%7\%12\%$

Bond L $

$1541\mathrm{.}38$

$

$1402\mathrm{.}36$

$

$927\mathrm{.}50$

Bond S $

$1110$

$

$