Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) 6 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) 6 (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 $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.) Present Value When market rate of interest is 10% annually 0 Requirements 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. 2. Same bonds payable as in Requirement 1, but the market interest rate is 14%. 3. Same bonds payable as in Requirement 1, but the market interest rate is 8%. Print Done Ovo on w Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990|0.980|0.9710.9620.9520.9430.9350.9260.9170.9090.8930.877 0.8700.862 0.8470.833 10.980|0.9610.9430.9250.9070.890|0.8730.8570.8420.8260.797 0.769 0.756 0.7430.7180.694 10.9710.942|0.9150.8890.864|0.840|0.8160.7940.772 0.751 0.712 0.6750.658 0.641 0.609 0.579 0.961 0.9240.8880.855 0.8230.792 0.7630.735 0.7080.6830.636 0.592 0.572 0.552 0.516 0.482 10.951|0.906|0.863|0.822|0.784|0.747|0.713|0.681|0.650|0.621 0.567 0.5190.497 0.4760.437 0.402 6 10.942|0.888|0.8370.790|0.746|0.705|0.6660.6300.596|0.5640.5070.4560.432|0.4100.370|0.335 0.9330.8710.813|0.7600.711 0.665 0.6230.5830.5470.513 0.452 0.400 0.376 0.354 0.3140.279 0.9230.853 0.7890.731 0.6770.6270.5820.540|0.502|0.467 0.4040.351 0.327 0.305 0.2660.233 0.9140.8370.766|0.703|0.6450.5920.5440.500|0.460|0.424 0.361 0.308 0.284 0.263 0.225 0.194 10 10.905|0.8200.7440.676|0.614|0.5580.508|0.463|0.4220.386|0.322 0.270|0.2470.2270.1910.162 0.8960.8040.7220.650 0.5850.5270.4750.4290.3880.350 0.2870.2370.215 0.1950.1620.135 12 10.887|0.788|0.701|0.625 0.557|0.4970.444|0.3970.356|0.3190.257 0.2080.1870.1680.1370.112 13 0.879 0.7730.681 0.601 0.5300.4690.4150.368 0.3260.290 0.229 0.182 0.163 0.145 0.116 0.093 14 10.8700.758|0.661|0.5770.505)0.442|0.388|0.340|0.299 0.263|0.2050.1600.141 0.125 0.0990.078 15 10.861|0.743|0.642|0.555|0.481|0.417|0.362|0.3150.275|0.2390.183|0.140|0.123|0.1080.0840.065 16 10.853|0.728|0.623|0.534|0.458|0.394|0.3390.292|0.252|0.2180.1630.123|0.107|0.0930.071 0.054 17 10.844|0.71410.605|0.5130.436)0.371 0.317|0.270|0.231|0.1980.146 0.108|0.093 0.080 0.060 10.045 18 10.836|0.700|0.587|0.4940.416|0.350|0.296]0.250 0.212|0.180|0.130 0.0950.0810.069 0.051 0.038 10.828|0.686|0.570|0.475|0.3960.33110.277|0.232|0.194|0.1640.116 0.083 0.070|0.060|0.043|0.031 20 10.8200.673|0.5540.456|0.377|0.3120.258|0.215|0.178|0.1490.104 0.0730.061 0.051 0.037 0.026 21 0.811 0.660|0.538|0.4390.359 0.2940.2420.1990.1640.135 0.093 0.064 0.053 0.044 0.031 0.022 10.8030.647|0.52210.422|0.342|0.278|0.226|0.184|0.150|0.1230.083 0.056 |0.04610.038|0.026|0.018 0.7950.6340.5070.4060.326|0.262|0.211 0.170|0.1380.112 0.074 0.049 0.040|0.033 0.022 0.015 0.7880.622 0.492 0.390 0.3100.247 0.197 0.158 0.1260.1020.066 0.043 0.035 0.028 0.019 0.013 0.780|0.610|0.478|0.375|0.295|0.233|0.184|0.146|0.116|0.092 0.059 0.038 0.030|0.0240.0160.010 26 10.772|0.5980.464|0.361|0.28170.2200.172|0.135|0.106|0.084 0.0530.033|0.026 0.021 0.0140.009 10.764 0.586 0.4500.347 0.268 0.207 0.161 0.125 0.098 0.076 0.047 0.029 0.0230.0180.0110.007 10.757 0.574 0.437 0.3330.255 0.1960.150 0.116 0.090 0.069 0.042 0.026 0.0200.0160.0100.006 0.7490.563 0.424 0.321 0.243 0.185 0.141 0.1070.082 0.0630.037 0.022 0.0170.014 0.008 0.005 30 10.742|0.5520.412|0.308|0.231|0.1740.131|0.099|0.0750.057 0.033|0.020 (0.015 0.0120.007 0.004 40 $0.672/0.453|0.307|0.208|0.142|0.097|0.0670.046|0.032|0.022|0.011 0.005 0.004 0.003 0.001 0.001 50 10.608|0.372|0.228|0.1410.087|0.054|0.034|0.0210.013|0.0090.003 0.001 0.001 0.001 59|1.833 1,808 2.597 | 2.531 .472.0372.9142.85572 21 19 Novo AWN Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 6.909.893.8770.870.862.8470.833 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.7361.6901.6471.6261.6051.5661.52 2.941 2.884 2.829 2.775 2.577 2.531 2.4872.4022.3222.2832.2462.1742.106 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.0372.9142.855 2.798 2.6902.589 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 (3.7913.605|3.4333.35213.2743.127|2.991 5.795 5.601 5.417 5.242 4.623 |4.486 14.3554.111 3.8893.7843.6853.4983.326 6.728 6.472 5.206 15.033 4.8684.564.2884.1604.0393.8123.605 7.652 7.325 7.020 6.733 6.463 5.747 15.535 15.3354.9684.6394.4874.34414.07813.837 8.566 8.162 17.786 | 7.435 17.108 6.802 6.515 6.247 5.995 5.7596.3284.9464.7724.6074.3034.031 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.1455.6505.2165.0194.8334.4944.192 10.368 9.787 9.2538.760 8.306 7.139 |6.805 16.495|5.93815.453|5.23415.0294.6564.327 12 11.25510.575 9.954 9.3858.8638.384 7.943 7.536 7.161 16.8146.1945.6605.42115.1974.793 4.439 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.1036.4245.8425.5835.3424.9104.533 14 13.004 12.10611.29610.5639.899 9.295 8.745 8.244 7.786 7.3676.6286.0025.72415.468|5.0084.611 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.6066.8116.14215.8475.575|5.0924.675 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.8246.9746.2655.9545.6695.1624.730 17 15.562 14.292 13.16612.166|11.27410.477 9.763 9.122 8.544 8.0227.1206.37316.047|5.7495.2224.775 18 16.398 14.992 13.754 12.659 11.69010.828 10.059 9.3728.756 8.2017.250 6.4676.12815.818|5.2734.812 17.226 15.67814.32413.134 12.085 11.15810.336 9.604 8.950 18.3657.3666.550|6.198|5.877|5.3164.844 20 18.046/16.351 14.877|13.590 12.462 11.470 10.5949.818 9.129 8.5147.4696.6236.2595.9295.353 4.870 21 18.857|17.01115.41514.02912.821/11.76410.83610.017 9.292 18.6497.5626.6876.3125.9735.384 4.891 22 19.660 17.65815.937|14.45113.16312.042 11.061 10.2019.4428.7727.6456.74316.359/6.0115.4104.909 20.45618.292 16.444 14.85713.489 12.303/11.27210.371 9.580 18.8837.7186.79216.3996.0445.4324.925 21.24318.91416.936 15.247 13.799 12.550 11.46910.529 9.707 18.9857.7846.8356.4346.0735.4514.937 22.02319.52317.41315.622 14.09412.783 11.654 10.675 9.8239.077 7.8436.8736.4646.0975.4674.94 122.795|20.121/17.87715.983|14.375/13.00311.826 10.8109.929 |9.1617.89616.906|6.491|6.118|5.4804.95 23.56020.70718.32716.33014.64313.21111.98710.93510.027|9.237 7.9436.9356.5146.1365.4924.964 28 24.31621.28118.764/16.66314.89813.406/12.137|11.051/10.1169.3077.9846.9616.5346.1525.5024.970 25.06621.84419.18816.984 15.14113.59112.278 11.15810.1989.3708.0226.9836.5516.1665.5104.975 30 25.80822.396/19.600 17.29215.37213.76512.40911.258 10.27419.427|8.0557.0036.5666.1775.5174.979 40 $2.83527.35523.115|19.79317.159 15.04613.332 11.92510.75719.7798.24417.1056.6426.2335.5484.997 50 39.196 31.42425.73021.48218.256/15.762 13.801 12.233/10.9629.915|8.3047.1336.6616.2465.5544.999 3 sovooow Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.1031.124 1.145 1.166 1.1881.210 1.254 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.041 1.082 1.126 1.170 1.216 1.262 1.3111.360 1.412 1.464 1.574 1.689 1.749 1.051 1.104 1.1591.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.1941.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.195 2.313 1.072 1.149 1.230 1.316 1.407 1.5041.606 1.7141.8281.949 2.211 2.502 2.660 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.094 1.1951.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.7733.252 3.518 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1.710 1.898 2.1052.332 2.580 2.853 3.479 4.226 4.652 1.127 1.268 1.4261.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 13 1.1381.294 1.4691.665 1.886 2.1332.410 2.720 3.066 3.452 4.363 5.492 6.153 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 6.261 7.076 1.161 1.346 1.558 1.801 2.079 2.397 2.7593.172 3.642 4.177 5.474 7.138 8.137 1.1731.3731.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.1379.358 1.184 1.400 1.653 1.948|2.292 2.6933.159 3.700 4.328 5.054 6.866 9.27610.76 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 1.208 1.457 1.754 2.107 2.527 3.0263.617 4.316 5.142 6.116 8.613 12.06 14.23 1.220 1.4861.806 2.191 2.6533.207 3.870 4.661 5.604 6.727 9.646 13.74 16.37 1.232 1.516 1.860 2.279 2.786 3.400 4.1415.034 6.109 7.400 10.80 15.67 18.82 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 1.257 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24.89 1.270 1.608 2.0332.563 3.225 4.049 5.072 6.341 7.911 9.850 15.18 23.21 28.63 1.282 1.641 2.094 2.666 3.386 4.292 5.4276.848 8.623 10.83 17.00 26.46 32.92 1.295 1.673 2.157 2.772 3.556 4.549 5.807 7.3969.399 11.92 19.04 30.1737.86 1.308 1.707 2.221 2.883 3.733 4.822 6.214 7.988 10.25 13.11 21.32 34.39 43.54 1.321 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 1.335 1.776 2.357 3.119 4.116 5.418 7.114 9.317 12.17 15.86 26.75 44.69 57.58 1.348 1.811 2.427 3.243 4.322 5.7437.612 10.06 13.27 17.45 29.96 50.95 66.21 40 1.489 2.208 3.262 4.801|7.040 10.2914.97 21.72 31.41 45.26 93.05 188.9267.9 50 1.6452.692|4.384/7.10711.47 18.42 29.4646.9074.36 117.4 289.0 700.2 1,084 Future Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 3.0303.0603.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 6 16.152/6.308 6.4686.633 6.8026.975 7.153 7.3367.523 7.7168.115 8.536 8.754 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.9239.2009.487 10.09 10.73 11.07 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.58 11.0311.49 11.98 12.4913.02 13.5814.78 16.09 16.79 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 12 12.68 13.41 14.1915.03 15.92 16.87 17.8918.98 20.14 21.38 24.13 27.27 29.00 13.81 14.68|15.62 16.6317.7118.88 20.14 21.50 22.95 24.52 28.03|32.09 34.35 14 14.9515.97 17.0918.29 19.6021.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58|23.28 25.13 27.15 29.36 31.77 37.28 43.84 47.58 16 17.2618.64|20.16 21.82 23.6625.67 27.89 30.32 33.00 35.95|42.7550.98 55.72 17 18.4320.01.21.7623.70 25.8428.21 30.84 33.7536.97 40.54 48.88 59.12 65.08 18 19.61 21.41|23.41 25.65|28.13 30.9134.00 37.4541.30 45.60 55.75 68.39 75.84 19 20.8122.84 25.1227.67 30.5433.76 37.38 41.45|46.02 51.1663.44 78.97 88.21 22.02 24.30 26.87 29.78|33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 23.24 25.78|28.68 31.97 35.72 39.99| 44.87 50.42 56.7664.00 81.70 104.8 118.8 24.47 27.30 30.54 34.2538.51 43.3949.01 55.4662.87 71.40 92.50 120.4 137.6 25.72 28.8532.45 36.6241.43 47.00 53.4460.89 69.5379.54104.6 138.3159.3 26.97 30.42 34.43 39.08|44.50 50.82 58.18 66.76 76.7988.50118.2 158.7184.2 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.11 84.70 98.35 133.3 181.9212.8 29.53|33.67|38.55 44.31 51.11 59.1668.68 79.9593.32 109.2 150.3 208.3|245.7 30.82 35.3440.71 47.0854.67 63.71 74.4887.35 102.7 121.1 169.4 238.5|283.6 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95.34 113.0 134.2 190.7 272.9 327.1 33.45 38.79 45.22 52.97 62.32 73.64 87.35 104.0 124.1148.6 214.6 312.1 377.2 34.78 40.57 47.58 56.08 66.44 79.06 94.46 113.3136.3 164.5 241.3356.8 434.7 48.8960.4075.40 95.03 120.8 154.8. 199.6 259.1 337.9442.6767.1 1,342 1,779 64.46|84.58 112.8 152.7 209.3|290.3 406.5 573.8815.11,164|2,400 4,995 7,218