Determine the present value of bonds payable

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Q1. Determine the present value of 10-year bonds payable with face value of $83,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance.

Q2. Same bonds payable as in Requirement 1, but the market interest rate is 14%.

Q3. Same bonds payable as in Requirement 1, but the market interest rate is 10%.

Reference no: EM132614572

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