Exhibit 5 ^^

Exhibit 7 ^^

Present Value of Bands Payable; Premium Moss Co. Issued $105,000 of four-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 8%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Note: Round final answer to the nearest dollar. 6.5% 7% Present Value of $1 at Compound Interest Due Inn Periods Periods 4.0% 4.5% 5% 5.5% 1 0.96154 0.95694 0.95238 0.94787 2 0.92456 0.91573 0.90703 0.89845 3 0.88900 0.87630 0.86384 0.85161 4 0.85480 0.83856 0.82270 0.80722 5 0.82193 0.80245 0.78353 0.76513 0.94340 0.89000 0.83962 0.79209 0.74726 0.93897 0.88166 0.82785 0.77732 0.72988 0.93458 0.87344 0.81630 0.76290 0.71299 6 7 8 9 10 0.79031 0.75992 0.73069 0.70259 0.67556 0.76790 0.73483 0.70319 0.67290 0.64393 0.74622 0.71068 0.67684 0.64461 0.61391 0.72525 0.68744 0.65160 0.61763 0.58543 0.70496 0.66506 0.62741 0.59190 0.55839 0.68533 0.64351 0.60423 0.56735 0.53273 0.66634 0.62275 0.58201 0.54393 0.50835 11 12 13 14 15 0.64958 0.62460 0.60057 0.57748 0.55526 0.61620 0.58966 0.56427 0.53997 0.51672 0.58468 0.55684 0.53032 0.50507 0.48102 0.55491 0.52598 0.49856 0.47257 0.44793 0.52679 0.49697 0.46884 0.44230 0.41727 0.50021 0.46968 0.44102 0.41410 0.38883 0.47509 0.44401 0.41496 0.38782 0.36245 16 17 18 19 20 0.53391 0.51337 0.49363 0.47464 0.45639 0.49447 0.47318 0.45280 043330 0.41464 0.45811 0.43630 0.41552 0.39573 0.37689 0,42458 0.40245 0.38147 0.36158 0.34273 0.39365 0.37136 0.35034 0.33051 0.31180 0.36510 034281 032189 0.30224 0.28380 0.33873 0.31657 0.29586 0.27651 0.25842 21 22 23 24 25 0.43883 0.42196 0.40573 0.39012 0.37512 0.39679 0.37970 0.36335 0.34770 0.33273 0.35894 0.34185 0.32557 0.31007 0.29530 0.32486 0.30793 0.29187 0.27666 0.26223 0.29416 0.27751 0.26180 0.24698 0.23300 0.26648 0.25021 0.23494 0.22060 0.20714 0.24151 0.22571 0.21095 Q.19715 0.18425 26 27 28 29 30 0.36069 0.34682 0.33348 0.32065 0.30832 0.31840 0.30469 0.29157 0.27902 0.26700 0.28124 0.26785 0.25509 0.24295 0.23138 0.24856 0.23560 0.22332 0.21168 0.20064 0-21981 0.20737 0.19563 0.18456 0.17411 0.19450 0.18263 0.17148 0.16101 0.15119 0.17220 0.16093 0.15040 0.14056 0.13137 31 32 33 34 35 0.29646 0.28506 0.27409 0.26355 0.25342 0.25550 0.24450 0.23397 0.22390 0.21425 0.22036 0.20987 0.19987 0.19035 0.18129 0.19018 0.18027 0.17087 0.16196 0.15352 0.16425 0.15496 0.14619 0.13791 0.13011 0.14196 0.13329 0.12516 0.11752 0.11035 0.12277 0.11474 0.10723 0.10022 0.09366 40 0.20829 0.17193 0.14205 0.11746 0.09722 0.08054 0.06678 45 0.17120 0.13796 0.11130 0.08988 0.07265 0.05879 0.04761 50 0.14071 0.11071 0.08720 0.06877 0.05429 0.04291 0.03395 11% 12% 13% 1496 Present Value of $1 at Compound Interest Due in n Periods Periods 8% 9% 10% 1 0.92593 0.91743 0.90909 2 0.85734 0.84168 0.82645 3 0.79383 0.77218 0.75131 4 0.73503 0.70843 0.68301 5 0.68058 0.64993 062092 0.90090 0.81162 0.73119 0.65873 0.59345 0.89286 0.79719 0.71178 0.63552 0.56743 0.88496 0.78315 0.69305 0.61332 0.54276 0.87719 0.76947 0.67497 059208 051937 6 7 8 0.63017 0.58349 0.54027 0.50025 0.46319 0.59627 0.54703 0.50187 0.46043 0.42241 0.56447 0.51316 0.46651 0.42410 0.38554 0.53464 0.48166 043393 0.39092 035218 0.50663 045235 0.40388 0.36061 0.32197 0.48032 042506 0.37616 0.33288 0.29459 0.45559 039964 0.35056 030751 0.26974 10 11 12 13 14 15 0.42888 0.39711 0.36770 034046 031524 0.38753 0.35553 0.32618 0.29925 0.27454 0.35049 0.31863 0.28966 0.26333 0.23939 031728 0.28584 0.25751 0.23199 0.20900 0.28748 0.25668 0.22917 0.20462 0.18270 0.25070 0.23071 0.20416 0.18058 0.15999 0.23662 0.20756 018207 0.15971 0.14010 16 17 18 19 20 0.29189 0.27027 0.25025 0.23171 0.21455 0.25187 0.23107 0.21199 0.19449 0.17843 0.21763 0.19784 0.17986 0.16351 0.14864 0.18829 0.16963 0.15282 0.13768 0.12403 0.16312 0.14564 0.13004 0.11611 0.10367 0.14150 0:12522 0.11081 0.09806 0.08678 012289 Q.10780 0.09456 0.08295 0.07276 21 22 23 24 25 0.19866 0.18394 0.17032 0.15770 0.14602 0.16370 0.15018 0.13778 0.12640 0.11597 0.13513 0.12285 0.11168 0.10153 0.09230 0.11174 0.10067 0.09069 0.08170 0.07361 0.09256 0.06264 0.07379 0.06588 0.05882 0.07680 0.06796 0.06014 0.05323 0.04710 0.06383 0.05599 0.04911 0.00308 0.03779 26 27 28 29 30 0.13520 0.12519 0.11591 0.10733 0.09938 0.10639 0.09761 0.08955 0.08215 0.07537 0.08391 0.07628 0.06934 0.06304 0.05731 0.06631 0.05974 005382 0.04549 0.04368 0.05252 0.04689 0.04187 0.03738 0.03333 0.04168 0.03689 0.03254 0.02889 0.02557 0.03315 0.0290 0.02551 0.02237 0.01963 31 32 33 34 35 0.09202 0.08520 0.07889 0.07305 0.06763 0.06915 0.06344 0.05820 0.05339 0.04099 0.05210 0.04736 004306 0.03914 0.03558 0.03935 0.03545 003194 0.02678 0.02592 0.02980 0.02661 0.02376 0.02121 0.01894 0.02262 0.02002 0.01772 0.01568 0.01388 0.01722 0.01510 001325 0.01162 001019 40 0.04603 0.03184 0.02209 0.01538 0.01075 0.00753 0.00529 45 0.03133 0.02069 001372 0.00913 0.00610 0.00409 000275 50 0.02132 0.01345 0.00852 0.0052 0.00346 0.00222 0.00143 Present Value of Ordinary Annuity of S1 per Period Periods 4.0% 4.5% S 5.55 6N 65 71 1 2 3 4 5 0.96154 1.88609 2.77509 3,62990 4.45182 0.95694 1.87267 2.74896 3.58753 438998 0.95238 1.85941 272325 3.54595 432948 0.944787 1.84632 2.69793 3.50515 4.27028 0.94340 183339 2.67301 3.46511 4.21236 0.93897 1.82063 264848 3.A2580 4.15568 0.93458 1.80802 262432 3238721 4.10020 6 7 8 9 10 5.24214 6.00205 6.73274 743533 8.11090 5.15787 5.89270 6.59589 7.26879 7.91272 5.07569 578637 6.46321 7.10782 772173 4 99553 5.68297 6.33457 695220 753763 4.91732 5.58238 6.20979 6.80169 7.36009 4,84101 5.48452 6.08875 6,65610 7.18883 4.76654 5:38929 5.97130 651523 7,02358 11 13 14 15 8.76048 9.38507 9.98565 1056312 11.11839 8.52892 9.11858 9.68285 10.22283 10.73955 8.30641 8.86325 939357 9.89864 10.37966 8,09254 8.61852 9.11708 958955 10.03758 7.88687 838384 8.85268 9.29498 971225 768904 8.15873 8.59974 9.01354 9.40267 7.49867 7.94269 835765 8.74547 9.10791 16 17 18 19 20 11.65230 12.16567 12.65930 13.13394 13.59033 11.23402 11.70719 12.15999 12.59329 13.00794 10.83777 1127407 11.68959 1208532 1246221 10.46216 10.86451 11.24507 11.50765 11.95038 10.10590 1047726 10.82750 11.15812 11 46992 9.76776 10.11058 1043247 10.73471 11.01851 9.44665 9.76322 10.05909 1033560 10.59401 21 22 23 24 25 14.02916 14.45112 14.85684 15.24696 15.62208 13.40472 13.78442 14.14777 14.49548 14.82821 12.82115 13.16300 13.48857 1379864 14.09394 12.27524 12.58317 12.87504 13.15170 1341393 11.76408 12.04158 12.303.36 12.55036 12.78336 11.28490 11.53520 11014 11.92074 12.19788 10.83553 11.06124 11.27219 11.46933 11.65358 26 27 28 29 30 15.98277 16.32959 16,66306 16.98371 17.29203 15.14661 15.45130 15.74267 16.02189 16.28889 14.37519 14.64303 14.89813 15.14107 15.37245 13.66250 13.89810 14.12142 1433310 1453375 13.00317 13.21053 13.40616 13.59072 13.76483 12.39237 1257500 12.74648 12.90749 13.05868 11.82578 11.98671 12.13711 12.27767 1240904 m 32 33 34 35 17.58849 17.87355 18.14765 18.41120 18.66461 16.54439 16.78889 1702286 17.24676 17 46101 15.59281 15.80268 16.00255 16.19290 1637419 1472393 14.90-120 15.07507 15.23703 15.39055 13.92.909 14.084404 14.23023 1436814 14.49825 13.20003 1333393 13.45909 13.57661 13.68696 1253181 1264656 12.75379 1285401 12.94767 40 19.79277 18.40158 17.15909 1604612 15.04630 14.14553 13:33171 45 20.72004 19.15635 1777407 1654773 15.45583 1448023 13.60552 8 21.48218 19.76201 18.25593 16.93152 1576186 14.72452 13.80075 Present Value of Ordinary Annuity of S1 per Period Periods 89 109 11% 12% 139 1 2 3 0.92593 1.78326 2.57710 331213 3.99271 0.91743 1.75911 2.53129 3.23972 3.88965 0.90909 1.73554 248685 3.16987 3.79079 0.90090 1.71252 244371 3.10245 3.69590 0.89286 1.69005 240183 3.03735 3.60478 0.88496 1.66810 2.36115 2.97447 3.51723 0.87719 1.64666 2.32163 2.91371 34330B 5 6 7 8 9 10 4,62288 5.20637 5.74664 6.24689 6.71008 448592 5.03295 5.53482 5.99525 641766 4.35526 4.86842 5.33493 575902 6.14457 4.23054 4.71220 5.14612 5.53705 5.88923 4.11141 4.56376 4.96764 5.32825 5.65022 3.99755 4.42261 4.79677 5.13166 5.42624 3.88867 4.28830 4.63886 4.94637 5.21612 11 12 13 14 15 7.13896 7.53608 7.90378 8.22424 8.55948 6.80519 7.16073 748690 7.78615 B.06069 6.49506 6.81369 7.10336 7.36669 7.60608 6.20652 6.49236 6.74987 6.96187 7.19067 5.93770 6.19437 6.42355 6,62817 6.81086 5.68694 5.91765 612181 6.30249 6.46238 545273 5.66029 5.84236 6.00207 6.14217 16 17 18 19 20 8.85137 9.12164 9.37189 9.60360 9.81815 8.31256 8.54363 8.75563 8.95011 9.12855 7.82371 B.02155 8.20141 8.36492 851356 737916 7.54879 7.70162 7.83929 7.96333 6.97399 7.11963 7.24967 736578 7.46944 6.60388 6.72909 6.83991 6.93797 7,02475 6.26506 6.37286 6.46742 655037 6.62313 21 22 23 24 25 10.01680 10.20074 10.37106 10.52876 10.67478 9.29224 9.44243 9.58021 9.70661 9.82258 8.64869 8.77154 8.88322 8.98474 9.07704 8.07507 8.17574 8.26643 8.34814 842174 756200 7.64465 7.71843 7.78432 7.84314 7.10155 7.16951 7.22966 7.28288 7.32998 6.68696 6.74294 6.79206 6.83514 6.87293 26 27 28 29 30 10.80998 10.93516 11.05108 11.15841 11.25778 9.92897 10.02658 10.11613 10.19828 10.27365 9.16095 9.23722 9.30657 9.36961 942691 8.48806 8.54780 8.60162 8.65011 8.69379 7.89566 7.944255 7.98442 B.02 181 8.05518 7.37167 740856 744120 747009 749565 6.90609 6.93515 6.96066 6.98304 7.00266 31 32 11.34980 1143500 11.51389 1158693 11.65457 10,34280 10.40624 10.46444 1051784 10.56682 9.47901 9.52638 9.56943 9.60857 9.64416 8.73315 8.76860 8.80054 882932 8.85524 8.08499 8.11159 8.13535 8.15656 8.17550 7.51828 7.53830 7.55602 7.57170 7.58557 7.01988 7.03498 7.04823 7.05985 7.07005 34 35 9.77905 8.95105 8.24378 10.75736 7.63438 7.10504 40 11.92461 8.28252 9.86281 7.66086 9.00791 45 12.10840 7.12322 10.88120 9.04165 8.30450 7.67524 7.13266 50 12.23348 9.91481 10.96168