E12A-30 Determining the present value of bonds payable Leaming Objective 7 Appendix 12A 2. Present Value $77,594 Interest rates determine the present value of future amounts. (Round to the nearest dollar.) Requirements 1. Determine the present value of 10-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. 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 12%