Present value of bonds payable; premium Moss Co, hsued $560,000 of five-year, 12% bonds, with interest pavable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable using the present value tables in fxhibit 5 and Exhibit , Round to the nearest dollar. Exhibit 7 Present Value of an Annuity of \$1 at Compound Interest. Exhibit 5 Present Value of $1 at Compound Interest