interest rates determine the present value of future amounts.

A Reference Periods 8 9 10 11 12 13 14 15 16 17 18 1% 2% 3% 0.990 0.980 0.971 0.9800.961 0.943 0.971 0.942 0.915 0.961 0.924 0.888 0.951 0.906 0.863 0.942 0.888 0.837 0.933 0.871 0.813 0.923 0.853 0.789 0.914 0.837 0.766 0.905 0.820 0.744 0.896 0.8040.722 0.887 0.788 0.701 0.879 0.773 0.681 0.870 0.758 0.661 0.861 0.743 0.642 0.853 0.728 0.623 0.844 0.714 0.605 0.836 0.700 0.587 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 Present Value of $1 7% 8% 9% 0.9520.943 0.935 0.926 0.917 0.907 0.890 0.873 0.857 0.842 0.864 0.840 0.816 0.7940.772 0.823 0.792 0.763 0.735 0.708 0.784 0.747 0.713 0.681 0.650 0.746 0.705 0.666 0.630 0.596 0.711 0.665 0.623 0.583 0.547 0.677 0.627 0.582 0.540 0.502 0.6450.592 0.544 0.500 0.460 0.614 0.558 0.508 0.463 0.422 0.585 0.527 0.475 0.429 0.388 0.557 0.497 0.444 0.397 0.356 0.530 0.469 0.415 0.368 0.326 0.505 0.442 0.388 0.340 0.299 0.481 0.417 0.362 0.315 0.275 0.458 0.394 0.3390.292 0.252 0.436 0.371 0.317 0.270 0.231 0.416 0.350 0.296 0.250 0.212 0.194 0. 377 0.3120.258 0.215 0.178 0.242 0.1990.164 10% 12% 0.909 0.893 0.826 0.797 0.751 0.712 0.683 0.636 0.621 0.567 0.564 0.507 0.513 0.452 0.467 0.404 0.424 0.361 0.386 0.322 0.350 0.287 0.319 0.257 0.290 0.229 0.263 0.205 0.239 0.183 0.218 0.163 0.1980.146 0.180 0.130 0.164 0.116 0.149 0.104 0.135 0.093 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.064 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 0.215 0.187 0.163 0.141 0.123 0.107 0.093 0.081 0.070 0.061 0.053 16% 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 0.044 1 20 21 0.820 0.811 0.673 0.554 0.456 0.660 0.538 0.439 TW SK OPS 22 > O Reference Reference Periods 7 8 9 10 1% 2% 1.010 1.020 1.020 1.040 1.030 1.061 1.041 1.082 1.0511.104 1.062 1.126 1.072 1.149 1.083 1.172 1.094 1.195 1.105 | 1.219 1.116 1.243 1.1271.268 1.138 1.294 1.149 1.319 1.1611.346 1.173 1.373 1.184 1.400 1.196 1.428 1.208 1.457 1.220 1.486 1.232 1.516 Future Value of $1 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.061 1.082 1.103 1.1241.145 1.166 1.1881.210 1.254 1.300 1.323 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.574 1.689 1.749 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.9742.1952.313 1.230 1.316 1.407 1.504 1.606 1.7141.828 1.949 2.211 2.502 2.660 1.267 1.369 1.4771.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 | 2.7733.252 3.518 1.3441.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.469 1.665 1.886 2.1332.410 2.720 3.066 3.452 4.363 5.492 6.153 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.8876.2617.076 1.558 1.801 2.079 2.3972.759 3.172 3.642 4.177 5.474 7.1388.137 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.1379.358 1.653 1.948 2.292 2.693 3.1593.700 4.3285.054 6.866 9.276 10.76 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 1.754 2.107 2.527 3.026 3.617 4.316 5.1426.116 8.613 12.06 14.23 1.806 2.1912.653 3.207 3.870 4.661 5.604 6.727 9.646 13.74 16.37 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 Done Reference Periods 4.160 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 10% 12% 14% 15% 16% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 1.970 1.942 1.913 1.886 1.859 1.8331.808 1.783 1.759 1.736 1.6901.647 1.626 1.605 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 | 3.170 3.037 2.914 2.855 2.798 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 | 3.791 3.605 3.433 3.352 3.274 5.795 5.601 5.417 5.2425.076 4.917 4.767 4.623 4.4864.355 4.111 3.889 3.784 3.685 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4.039 7.652 7.325 7.020 6.733 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4.344 8.566 8.1627.786 7.4357.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.772 4.607 9.471 8.983 8.530 8.111 7.722 7.360 7.0246.710 6.418 6.145 5.6505.216 5.216 5.019 5.019 4.833 10.368 9.7879.253 8.760 8.3067.8877499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.1616.814 6.194 5.660 5.421 5.197 12.134 11.348 10.635 9.986 9.3948.853 8.358 7.9047.487 7.103 6.424 5.842 5.583 5.342 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.2447.786 7.3676.6286.002 5.724 5.468 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 5.575 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.8246.9746.265 5.9545.669 15,562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.5448.022 7.1206.373 6.047 5.749 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 6.128 5.818 17.226 15.678 14.32413.134 12.085 11.158 10.336 9.604 8.950 8.3657.3666.5506.198 5.877 18.046 16,351 14.877 13.590 12.462 | 11.470 10.5949.818 9.129 8.5147.4696.623 6.259 5.929 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 7.562 6.687 6.312 5.973 20 21 Print Done i Reference Periods 1 2 2 3 Future Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 .010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 3.0303.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.5064.573 4.641 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 7.214 7.434 7.6627.898 8.142 8.394 8.654 8.9239.2009.487 8.286 8.583 8.8929.214 9.549 9.897 10.260 10.64 | 11.03 11.44 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 11.57 12.17 12.81 13.491421 14.97 15.78 16.65 17.56 18.53 12.68 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 13.81 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 17.26 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45.60 20.81 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 51.16 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 23.24 25.7828.68 31.97 35.72 39.99 44.87 50.42 56.76 64.00 12% 1.000 2.120 3.374 4.779 6.353 8.115 10.09 12.30 14.78 17.55 20.65 24.13 28.03 32.39 14% 1.000 2.140 3.440 4.921 6.610 8.536 10.73 13.23 16.09 19.34 23.04 27.27 32.09 37.58 15% 1.000 2.150 3.473 4.993 6.742 8.754 11.07 13.73 16.79 20.30 24.35 29.00 34.35 48.88 55.75 63.44 72.05 81.70 59.12 68.39 78.97 91.02 104.8 40.50 47.58 55.72 65.08 75.84 88.21 102.4 118.8 Print Done Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table. (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Determine the present value of seven-year bonds payable with face value of $90,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% 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 payablo as in requirement 1, but the market interest rate is 16%. (Round intermediary calculations and final answer to the nearest whole dollar.) rest whole dollar. Present Value When market rate of interest is 16% annually m ense Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 10%. (Round intermediary calculations and final answer to the nearest whole dollar.) arest whole dollar.) Present Value When market rate of interest is 10% annually Enter any number in the edit fields and then continue to the next