Requirement 1. Determine the present value of six-year bonds payable with face value of $...
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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 $?
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