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122. On December 31, 2024, when the market interest fate is 16%. Demick Cocporation issues $160,000 of 5%, 10-year bonds payable. The bonds pay interest semiannualy, Determine the present value of the bonds it issuanoe. [Clia the loen to view Prosent Walue of $1 table)] (Click the icon to vere Present Value of Ordinary Ancuty of $1 tabin) (Cida the kan to vew Future Value of $1 table) (Clok the icen to vew Future Value of Ordinary Arruty of \$1 table) Start by calculating the present value of the principal (Enter factor amounts to Evee decimal places. 00 )