Moss Co. issued $310,000 of four-year, 13% bonds, with intrest payable semianually, at a market (effective) intrest rate of 11%. Determine the present value of the bonds payable, using the present balue tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.

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Moss Co. issued $310,000 of four-year, 13% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. x Exhibit 5 Present Value of \$1 at Compound Interest Exhibit 7 Present Value of an Annuity of \$1 at Compound Interest