Requirement 1. Determine the present value of seven-year bonds payable with face value of $90,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) When market rate of interest is 14% annually $ Present Value 90,000 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 16%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value $ 82,579 When market rate of interest is 16% annually Requirement 3. Same bonds payable as in requirement 1, but the market interest rate is 10%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 10% annually Clear all Check answer