Interest rates determine the preset value of future amounts

This Question: 1 pt 5 of 5 (4 complete) This Quiz: 5 pis pos 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 $89,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. (Round intermediary calculations and fin answer to the nearest whole dollar.) Present Value When market rate of interest is 10% annually 89000 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 14%. (Round intermediary 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 8%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 8% annually