Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-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 S and Exhibit 7 Note: Round final answer to the nearest dollar Feedback Check My Work Remember, the selling price of a bond is the sum of the present values of: the face amount of the bonds due at the maturity date and the periodic i market rate of interest is used to compute the present value of both the face amount and the periodic interest