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Requirement 1. Determine the present value of five-year bonds payable with face value of $88,000 and stated interest rate of 12%, paid semiannually. The
Requirement 1. Determine the present value of five-year bonds payable with face value of $88,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 12% annually Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 14%. (Round intermediary calculations and final answer to the nearest whols dollar. When market rate of interest is 14% annually Present Value Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 8%. (Round intermediary calculations and final answer to the nearest whole dollar) When market rate of interest is 8% annually. Present Value Next
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