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HOW ARE YOU GETTING THE PV FACTOR NUMBER???

Homework: Chapter 12 - Graded Homework Save Score: 1.33 of 4 pts 5 of 7 (6 complete) HW Score: 70.63%, 21.19 of 30 pts % E12A-30 (similar to) Question Help 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 requirements. Requirement 1. Determine the present value of seven-year bonds payable with face value of $85,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 14% annually $ 85,000 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.) Present Value Requirements When market rate of interest is 16% annually 1. Determine the present value of seven-year bonds payable with face value of $85,000 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%