(SOLVED) Interest rates determine the present value of future amounts Round


Question Description:

$19

Interest rates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.)
Requirements
1. Determine the present value of six-year bonds payable with face value of $84,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% 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 10%.

Answer

$19