John Mlxer, Inc. is authorized to issue 11%,10-year bonds payable. On January 1,2025 , when the market interest rate is 12%, the company issues $1,100,000 of the bonds. The bonds pay interest semiannually. Read the requirements. View the Present Value of $1 table. View the Present Value of Ordinary Annuity of $1 table: View the Future Value of $1 table. View the Future Value of Ordinary Annuity of $1 table