Present Value of Bonds Payable; Premium Moss Co. issued $190,000 of four-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.

Present Value of Bonds Payable; Premium Moss Co. issued $190,000 of four-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest Periods 4% 13% 1 0.88496 0.78315 4% 5% 5% 6% 62% 7% 10% 11% 12% 0.96154 0.956940 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.92456 0.915730 0.90703 0.89845 0.89000 0.88166 0.87344 0.82645 0.81162 0.79719 0.88900 0.876300 0.86384 0.85161 0.83962 0.82785 0.81630 0.75131 0.73119 0.71178 0.69305 0.85480 0.838560 0.82270 0.80722 0.79209 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.82193 0.802450 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.79031 0.767900 0.74622 0.72525 0.70496 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 0.75992 0.734830 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 0.45235 0.42506 0.73069 0.703190 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.70259 0.672900 0.64461 0.61763 0.59190 0.56735 0.54393 0.42410 0.39092 0.36061 0.33288 0.67556 0.643930 0.61391 0.58543 0.55839 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 2 3 4 5 6 7 8 00 9 10 Periods 4% 1 2 3 4 5 6 7 8 9 10 Exhibit 7 Present Value of an Annuity of $1 at Compound Interest 4% 5% 5% 6% 6% 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 1.88609 1.87267 1.85941 1.84632 1.83339 1.82063 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 3.62990 3.58753 3.54595 3.50515 3.46511 4.45182 4.38998 4.32948 4.27028 4.21236 5.24214 5.15787 5.07569 4.99553 4.91732 6.00205 5.89270 5.78637 5.68297 5.58238 6.73274 6.59589 6.46321 6.33457 6.20979 7.43533 7.26879 7.10782 6.95220 6.80169 8.11090 7.91272 7.72173 7.53763 7.36009 12% 7% 10% 11% 0.93458 0.90909 0.90090 0.89286 1.80802 1.73554 1.71252 1.69005 2.62432 2.48685 2.44371 2.40183 3.42580 3.38721 3.16987 3.10245 3.03735 4.15568 4.10020 3.79079 3.69590 3.60478 4.84101 4.76654 4.35526 4.23054 4.11141 5.48452 5.38929 4.86842 6.08875 5.97130 5.33493 4.71220 4.56376 5.14612 4.96764 6.65610 6.51523 5.75902 5.53705 5.32825 7.18883 7.02358 6.14457 5.88923 5.65022 13% 0.88496 1.66810 2.36115 2.97447 3.51723 3.99755 4.42261 4.79677 5.13166 5.42624