. Determine the present value of

1010-year

bonds payable with face value of

$ 92 comma 000$92,000

and stated interest rate of

1414%,

paid semiannually. The market rate of interest is

1414%

at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.)

	Present Value
When market rate of interest is 14% annually

Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is

1616%.

(Round intermediary 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

88%.

(Round intermediary calculations and final answer to the nearest whole dollar.)

	Present Value
When market rate of interest is 8% annually