Answer and solution for Requirement 4 please.

1. $110,000, five-year note payable with a contract interest rate of 9 percent, paid annually. The market interest rate at issuance is 10 percent. 2. Ten-year bonds payable with a maturity value of $220,000 and a contract interest rate of 14 percent, paid semi-annually. The market rate of interest is 10 percent at issuance. 3. Same bonds payable as in Requirement 2, but the market interest rate is 8 percent. 4. Same bonds payable as in Requirement 2, but the market interest rate is 14 percent. Use the following tables to determine the present value of future amounts. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary A Requirement 1. Determine the present value of a $110,000, five-year note payable with a contract interest rate of 9 (Round intermediary calculations and final answer to the nearest whole dollar.) What is the present value of this note? Requirement 2. Determine the present value of ten-year bonds payable with face value of $220,000 and stated interest percent at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Requirement 3. Same bonds payable as in requirement 2, but the market interest rate is 8 percent. (Round intermediar) requirement 4. Same bonds payable as in requirement 2, but the market interest rate is 14 percent. (Round intermedian