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 Future Value of $1 table.) Read the requirements. (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirement 1. Determine the present value of seven-year bonds payable with face value of $85,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) When market rate of interest is 10% annually Present Value $ 85,000 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 16%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 16% annually C Clear all Check answer 50F Sunny 2:07 PM 12/4/2022