On January 1, 2018, bonds with a face value of $111.000 were sold. The bonds mature on January 1, 2008. The face interest rate is 6%. The bands pay interest annually on July 1 and January 1. The market rate of interest is 8%. What is the market price of the bonds on January 1, 2018? The present value of $1 for 20 periods at 4% is 0.456. The present wlue of an ordinary annuity of $1 for 20 periods at 4% is 13.500 The present value of $1 for 20 periods at 36 is 0.554 The present value of an ordinary annuity of $1 for 20 periods 3% 14878 Round your final answer to the nearest dollar $116,330 $111.038 $111.000 $95,871