Question: Interest rates determine the present value of future amounts Round

Interest rates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.)

Requirements
1. Determine the present value of seven- year bonds payable with face value of $ 91,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% 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 12%.


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  • CreatedJanuary 16, 2015
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