A company issues $100,000 of 6%, 5-year bonds dated January 1 that pay interest semiannually. The bonds are issued when the market rate is 8%. The present value tables indicate the present value factor of an annuity for 3% at 10 periods is 8.5302; and for 4% at 10 periods is 8.1109. To find the present value of the interest payments, multiply by the present value factor . Multiple choice question. $3,000; 8.5302 $4,000; 8.5302 $4,000; 8.1109 $3,000; 8.1109