Requirements 1. Determine the present value of five-year bonds payable with face value of $85,000 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 16%. 3. Same bonds payable as in Requirement 1 , but the market interest rate is 8%. Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the Requirement 1. Determine the present value of five-year bonds payable with face value of $85,000 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.) 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.)