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 Future Value of $1 table.) Requirements (Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of Annuity of $1 table.) Determine the present value of seven-year bonds payable with face value of $89,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance. Same bonds payable as in Requirement 1, but the market interest rate is 14%. 1. 2. 3. Same bonds payable as in Requirement 1, but the market interest rate is 10%. Requirement 1. Determine the present value of seven-year bonds payable with face value of $89,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 12% annually Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 14%. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 14% annually Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 10%. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 10% annually