Compute the debt to equity ratio t Dii 4A-29 Determining the present value of bonds payable Interest ates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.) Requirements 1. Determine the present value of six-year bonds payable with face value of $84,000 and stated interest rate of i 2%, paid semiannually. The market rate of interest is 12% 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%. E14B-30 Journalizing bond transactions using the method Journalize issuance of the bond and the first semiannual interest payment under each of the following three assumptions. The company amortizes bond premium and discount by the effective-interest amortization method. Explanations are not required. I. Ten-year bonds payable with face value of $86,000 and stated interest rate of 14% paid semiannually. The market rate of interest is 14% at issuance. The present value of the bonds at issuance is $86,000. present value of the bonds at issuance is $77,594. present value of the bonds at issuance is $121,028. 2. Same bonds payable as in assumption 1, but the market interest rate is 16%. The 3. Same bonds payable as in assumption 1 , but the market interest rate is 8%. The