Interest rates determine the present value of future amounts.? (Round all numbers to the nearest whole? dollar.)

Requirements

1.	Determine the present value of seven?-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?%.

Interest rates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.) Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of $1 table.) Click the icon to view the Future Value of Annuity of $1 table.) Requirements 1. Determine the present value of seven-year bonds payable with face value of S86.000 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%. Requirement 1. Determine the present value of seven-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. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 14% annually