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On December 31, 2018, when the market interest rate is 14%. Timmony Realty issues $400,000 of 11.25%, 10-year (Click the icon to view Present Value

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On December 31, 2018, when the market interest rate is 14%. Timmony Realty issues $400,000 of 11.25%, 10-year (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Anny (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuit year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance (Round all currency amounts to then Annuity of S1 table) Annuity of S1 table)

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