Requirement 1. Determine the present value of six-year bonds payable with face value of $ 87000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.)

Present Value When market rate of interest is 10% 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 whole dollar.)

Present Value When market rate of interest is 14% annually $?

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.)

Present Value When market rate of interest is 8% annually $?