Please answer all three questions under Requirements

Interest rates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of $1 table.) Click the icon to view the Future Value of Annuity of $1 table.) Requirements 1. Determine the present value of seven-year bonds payable with face value of $91,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. 2. Same bonds payable as in Requirement 1, but the market interest rate is 12%. 3. Same bonds payable as in Requirement 1, but the market interest rate is 8%. Requirement 1. Determine the present value of seven-year bonds payable with face value of $91,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. (Round interim calculations and final answer to the nearest whole dollar.) Present Value 91,000 When market rate of interest is 10% annually $ Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 12%. (Round interim calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 12% annually homeworkld=559047961&questionid=4&flushed=true&cid=5921159¢erwin=yes 2020 Reference Present Value of $1 ods 1% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 .914 2% 3% 0.980 0.971 0.961 0.943 0.942 0.915 0.924 0.888 0.906 0.863 0.888 0.837 0.871 0813 0.853 0.789 0.837 0.766 14 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.750 0.731 0.703 0.676 5% 6% 0.952 0.943 0.907 0.890 0.864 0.840 0.8230.792 0.784 0.747 0.746 0.705 0.711 0.665 0.677 0.627 0.645 0.592 0.614 0.558 Present Value 7% 8% 9% 0.935 0.926 0.917 0.873 0.857 0.842 0.816 0.794 0.772 0.763 0.735 0.708 0.713 0.681 0.650 0.566 0.630 0.596 0.623 0583 0.547 0.582 0.540 0.502 0.544 0.500 0.460 0.508 0.463 0.422 10% 0.909 0.826 0.751 0.683 0.621 0.564 0513 0.467 0.424 0.385 12% 0.893 0.797 0.712 0.536 0.567 0.507 0.452 0.404 0.361 0.322- 14% 15% 0.877 0.870 0.769 0.756 0.675 0.658 0.592 0.572 0.519 0.497 0.456 0.432 0.400 0.375 0.351 0327 0308 0.284 0.270 0.247 16% 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 18% 20% 0.847 0833 0.7180.694 0.609 0.579 0.516 0.482 0.437 0.402 0.370 0.335 0.314 0279 0.266 0.233 0.225 0194 0.19 0.162 2 0 1 2 3 0 996 0.804 0 .887 0.788 0.879 0.773 0.870 0.758 0.861 0745 0.722 0.701 0.681 0.661 0.642 0.650 0.625 0.50 0.577 0.555 0.585 0.557 0.530 0.505 0.481 0.527 0.475 0.429 0.497 0.444 0.397 0.459 0.4150368 0.442 0.388 0.340 0.4170 362 0315 0.388 0.356 0.326 0.299 0.275 0.350 0.319 0 290 0.263 0299 0.287 02370215 0.257 0.208 0.187 0.229 0.182 0163 0.205 0.1600.141 0.183 0.140 0.123 0.195 0.162 0.135 0.168 0.137 0.112 0 1450 116 0.093 0.125 0.099 0.078 0.108 0.0840065 5 .6 0.853 0.844 0.728 0.714 0.623 0.605 587 0.570 0554 0.534 0.513 0.494 0.475 0.456 0.458 0.436 0.416 0.396 02377 0.594 0.371 0.350 0.991 0.312 0.339 0.317 0.296 0.277 0.258 0.292 0.252 0.2700.231 0.250 0.212 0.232 0.194 0.215 0.178 0.218 0.198 0.180 0.164 0.149 0.163 0.123 0.146 0.108 0.130 0.095 0.116 0.083 0.1040073 0.107 0.093 0.081 0.070 0.061 0.093 0.071 0.054 0.080 0.060 0.045 0.0690051 0.038 0060 0.043 0.031 0.051 0.037 0.026 0.828 0.820 0.686 0.673 0538 0.522 0.507 0.492 0.478 0.439 0.422 0.406 0.990 0.375 0.359 0.294 0.3420.278 0.326 0.262 0.310 0.247 0.295 0.233 1 0 .811 0 803 0.795 0.788 25 0.780 0.772 0764 0.757 0.749 0.742 40 0.672 500.608 0.660 0.647 0.634 0.622 0.610 0.598 0.586 0.574 0.563 0.552 0.453 0.372 0.464 0.450 0.437 0424 0.412 0.307 0.228 0.361 0.347 0.333 0.321 0.308 0.208 0141 0.281 0.268 0.255 0.243 0.231 0.142 0.087 0.220 0.207 0.196 0.185 0.174 0.097 0.054 0,242 0.226 0.211 0.197 0.184 0.172 0.172 0.161 0.150 0.141 0.131 0.067 0.034 0.199 0.164 0.1840.150 0.170 0.138 0.158 0.126 0.146 0.116 0.135 0.135 0.106 0.106 0.125 0.098 0.116 0.090 0.107 0.082 0.0990075 0.046 0.032 0.021 0.013 0.135 0.093 0.064 0.053 0.044 0.123 00890056 0046 0038 0.112 0.074 0.049 0.040 0.033 0.1020.066 0.043 0.035 0.028 0.092 0.059 0038 0.030 0.024 0084 0084 0.053 0.053 0.033 0.033 0.026 0.026 0.021 0.021 0.076 0.047 0.029 0023 0.018 0.069 0.042 0.026 0.020 0,016 0.063 0.037 0.022 0.017 0014 0.057 0.033 0.020 0,015 0.012 0.022 0.011 0.005 0.004 0.003 0.009 0.003 0.001 0.001 0.001 0.031 0.022 0.026 0018 0.022 0.015 0.019 0.013 0.016 0.010 0.014 0009 0011 0.007 0.010 0.006 0.008 0.005 0.007 0.004 0.001 0.001 homeworkld=559047961&questionld=4&flushed=true&cld=5921159¢erwin=yes 020 Reference 66 6.802 7.360 995 UN v 7.786 6.002 5.000 u Present Value of Annuity of $1 Present Value 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 1.970 1942 1913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.6901.647 1.626 1.605 1.566 1.528 2.723 2.6732.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2.589 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3 274 3.127 2.991 5.795 5.601 5.417 5.2425.076 4.917 4.767 4.623 4.4864.355 4.111 3.8893.7849.685 3.326 6.728 6.472 6230 6.002 5.786 5.582 5.033 4.160 4039 3.812 3.605 7.652 7.325 7.020 6.733 6.463 6.210 4 344 4.078 3.837 8.566 8.162 7.786 7.435 7.108 6.515 4.772 4.607 4.303 4.031 9.471 8.983 8.530 8.111 7.722 7.024 5. 019 4.833 4.494 4192 10.368 9.787 9.253 8.760 8.306 7.887 7.499 4.656 4.327 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.1616.814 6.194 5.660 5.421 5197 4.793 4439 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 5.342 4.910 4.533 13.004 12.106 11.296 10.563 9.899 9.295 8.745 7.367 468 4611 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 061 7.606 5.092 4.675 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 313 7.824 6.974 5,668 5.162 4.730 17 15 562 14 292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6373 6047 5749 5222 4.775 18 16 398 14992 13.754 12,659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 6.128 5818 5273 4.812 19 17,226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 5.877 5316 4.843 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7469 6.623 6.259 5.9295 353 4.870 21 18.857 17 011 15 415 14.029 12821 11.764 10.836 10.017 9.292 8649 7.562 687 5.384 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 7.645 6.011 5.410 20.456 18.292 16.444 14 857 13.489 12.303 11.272 10.371 9.580 8.883 7718 6.792 6044 5.432 4925 21.243 18914 16.936 15 247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 6.073 5.451 4937 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.464 6.097 5.467 4.948 22.795 20.121 17.877 15.983 14.375 13.003 11.826 10.8109.929 9.1617.896 6.906 6.491 6.118 5.480 4956 23.560 20.707 18.327 16,530 14643 13.211 11.987 10935 10.027 9.237 7.943 6.935 6.514 6.136 5.492 4964 24 316 21.281 18.764 16.663 14898 13.406 12.137 11051 10.116 9.307 7.984 6.961 6.534 6.152 5.502 4970 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11 158 10.198 9.370 8.022 6.983 6.551 6166 5520 4975 25.808 22.396 19.600 17 292 15.372 13.765 12.409 11 258 10.274 9.427 8055 7.003 6.566 6.177 5517 4979 40 32 835 27 355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.244 7.105 5.548 4 997 3039.196 31.424 25 730 21.482 18.256 15.762 13801 12.233 10 962 9.915 8.304 7.133 6.661 6246 5554 4999 5.575 Unu 5973 094 12.783 11.054 10.675 9.8239.077 7.843 6.875 6.464 b. 5.467 4.948 homeworkld=559047961& questionid=4&flushed=true&cid=5921159¢erwin=yes Future Value of $1 Future Value iods 5% 7% 2% 1.020 1.040 1.061 1.082 1.104 1.010 1.020 1.030 1.041 1.051 3% 1.030 1.061 1.093 1.126 1.159 1.040 1.082 1.125 1.170 1.217 6% 1.060 1.124 1.191 1.262 1.338 1.050 1.103 1.158 1.216 1.276 8% 1.080 1.166 1.260 1.360 1.469 1.070 1.145 1.225 1311 1.403 9% 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 m 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 . 1099 O 1.062 1.072 1.083 1.094 1.105 1.126 1.194 1.149 1.230 1.172 1.267 1.1951.305 1.219 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1551 1.62 1.419 1.501 1.504 1.606 1.594 1.718 1.6891.838 * 1.587 1.714 1.851 1999 * 2.159 1.677 1.828 1.993 2.172 2.367 1.772 1.949 2.144 2.358 2.594 1.974 2.211 2.476 2.773 3106 2.195 2.502 2.853 3.252 3.707 2.313 2.660 3.059 3.518 4.046 1.539 2602 OD 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 133 2.261 2.397 2.332 2.518 2.720 2.937 3.172 2.410 2.579 2.759 2.580 2.813 3.066 3.342 3.642 2.853 3.138 3.452 3.797 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.652 4.818 5.350 5.492 6.153 6.2617.076 7.138 8.137 1.732 1.801 N N 1.173 1.184 1.196 1.208 1.220 1.373 1.400 1.428 1.457 1.486 1.605 1.653 1.702 1.754 1.806 1.873 1.948 2.026 2.107 2.191 2.183 2.292 2.407 2.527 2.653 2.540 2.693 2.854 3.026 2.952 3.159 3.380 3.617 3.426 3.700 3.996 4.316 3.970 4.595 4.3285.054 4.717 5.560 5.142 6.116 5.604 6.727 6.130 6.866 7.690 8.613 9.646 9.358 10.76 12.38 14.23 16.37 U 8.187 9.276 10.58 12.06 13.74 15.67 17.86 20.36 23.21 26.46 u 4.141 5.437 1.232 1.245 1.257 1.270 1.282 1.516 1.546 1.577 1.608 1.641 1.860 1.916 1.974 2.033 2.094 2.279 2.370 2.465 2.563 2.666 2.786 2.925 3,072 3.225 3.386 3.604 3.820 4.049 4.292 4.430 4.741 5.072 5.427 6.109 6.659 7.258 7.911 7.400 8.140 8.954 9.850 chun 10.80 12.10 13.55 15.18 17.00 18.82 21.64 24.89 28.63 32.92 6.341 6.848 1.295 1.308 1.321 1.335 1.348 1.673 1.707 1.741 1.776 1.811 2.157 2.221 2.288 2.357 2.427 2.772 2.883 2.999 3.119 3.243 4.801 7.107 3.556 3.733 3.920 4.116 4.322 4.549 4.822 5.112 5.418 5.743 10.29 18.42 5.807 6.214 6.649 7.114 7.612 14.97 29.46 7.396 7.988 8.627 9.317 10.06 21.72 46.90 9.399 11.92 10.25 13.11 11.17 14.42 12.17 15.86 13.27 17.45 31.41 45.26 74.36 117,4 19.04 21.32 23.88 26.75 29.96 93.05 289.0 30.17 34.39 39.20 44.69 50.95 188.9 700.2 37.86 43.54 50.07 57.58 66.21 267.9 1,084 1.489 1.645 2.208 2.692 3.262 4.384 7.040 11.47 ?homeworkld=559047961&questionid=4&flushed=true&cld=5921159¢erwin=yer Reference 24/2020 Future Value of Annuity of $1 Periods 1% 1.000 2% 1.000 2020 3.060 4.122 5.204 3% 1.000 2030 3.091 4.184 5.309 4% 1.000 2040 3.122 4.246 5.416 5% 1.000 2050 3.153 4.310 5.526 Future Value 6% 7% 8% 1.000 1.000 1.000 2060 2.070 2.080 3.184 3.215 3.246 4.375 4.440 4.506 5.637 5.7515.867 9% 1.000 2090 3.278 4.573 5.985 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.779 6.353 14% 1.000 2.140 3.440 4.921 6.610 15% 1.000 2 150 3.473 4.993 6.742 3.030 4.060 5.101 7.336 7.523 7.716 8.9239.2009.487 10.637 11.028 11.436 12.49 13.02 13.58 14.49 15.1915.94 8.115 8.536 10.089 10.730 12.300 13.233 14.78 16.09 17.55 19.34 8.754 11.067 13.727 16.79 20.30 10 16.65 17.56 18.98 20.14 21.50 22.95 24.2126.02 27.15 29.36 0000 18.53 21.38 24.52 27.97 31.77 16 6.152 6.308 6,468 6.633 6.802 6.975 7.153 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.286 8.583 8.892 9.214 9.549 9.897 10.260 9.369 9.755 10.16 10.58 11.03 11.49 11.98 10.46 10.95 11.46 12.01 12.58 13.18 13.82 11.57 12.17 12.81 19.49 14.21 14.97 1578 13.41 14.19 15.03 15.92 16.87 17.89 13.81 14.68 15.62 16,63 20.14 14.95 15.97 17.09 18.29 22.55 16.10 17.29 18.60 20.02 13 17.26 18.64 20.16 21.82 23.66 67 27.89 18.43 20.01 21.76 23.70 25.84 28.21 30.84 19.61 21.41 23.41 25.65 28.13 30.91 34.00 20.81 22.84 25.12 27.67 30.54 33.76 37.38 22.02 24.30 26.87 29.7833.07 36.79 41.00 23.24 25.78 28.68 31.97 35.7239.99 44 87 24.47 27.3030.54 34.25 38.51 43.3949.01 25.72 28.84 32.45 36.62 41.43 47.00 53.44 26.97 30.42 34.43 39.08 44.50 50.82 58 18 28.24 32.03 36.46 41.65 47.73 54.86 63.25 29.53 33.67 38.55 4431 51.11 59.16 68.68 30.82 35.34 40.71 47.08 54.67 63.71 74 48 32.13 37.05 42.93 49.97 58.40 68.53 80.70 33.45 38.79 45 22 52.97 62.32 73.64 87.35 34.78 40.57 47.58 56.08 66.44 79.06 94.46 48.8960.40 75.40 95.03 120.8 154.8 199.6 644684.58 112 80 152.67 2093 290 3 406.5 30.32 33.75 37.45 41.45 45.76 50.42 55.46 60.89 66.76 73.11 79.95 87.35 95.34 104.0 113.3 259.1 573 8 33.00 36.97 41.30 46.02 51.16 56.76 62.87 69 53 76.79 84.70 93.32 102.7 113.0 1241 136.3 337.9 815.1 35.95 40.54 45.60 51.16 57.27 64.00 71.40 79.54 88.50 98.35 109 2 121.1 1342 1486 1645 4426 1164 20.65 23.04 24.35 24.13 27.27 29.00 28.03 32.09 34.35 32.39 37,58 40.50 37.28 43.84 47.58 42.75 50.98 55.72 48.88 59.12 65.08 55.75 68.39 75.84 63.44 7897 88.21 72.05 9102 102.4 81.70 1048 118.8 92.50 120.4 137.6 1046 138 3 1593 118.2 158.7 1842 1333 1819 212.8 1503 208.3 245.7 169.4 238.5 283.6 190.7 272.9 327.1 214.6 312.1 377.2 241.3 356.8 434.7 767.1 1,342 1,779 2.400 49952218