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Requirement 1. Determine the present value of six-year bonds payable with face value of $92,000...

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Accounting

Requirement 1. Determine the present value of six-year bonds payable with face value of $92,000 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

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Present Value of $1

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