The following terms relate to independent bond issues: 550 bonds; $1,000 face value; 8% stated rate; 5 years; annual interest payments 550 bonds; $1,000 face value; 8% stated rate; 5 years; semiannual interest payments 780 bonds; $1,000 face value; 8% stated rate; 10 years; semiannual interest payments 2,090 bonds; $500 face value; 12% stated rate; 15 years; semiannual interest payments Use the appropriate present value table: