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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

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 8% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.)

The market rate of interest is 8% annually _____________________________

Present Value of $1

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