Present Value of Bonds Payable; Premium Moss Co. issued $190,000 of four-year, 13% bonds, with interest payable semiannually, at a market (effective) interest rate of 12%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Check My Work Previous Exhibit 5 Present Value of $1 at Compound Interest 1 2 3 4 5 6 0.79031 7 8 9 10 Periods 4% 41% 5% 5% 6% 0.96154 0.956940 0.95238 0.94787 0.94340 0.92456 0.915730 0.90703 0.89845 0.89000 0.88900 0.876300 0.86384 0.85161 0.83962 0.85480 0.838560 0.82270 0.80722 0.79209 0.82193 0.802450 0.78353 0.76513 0.74726 0.767900 0.74622 0.72525 0.70496 0.75992 0.734830 0.71068 0.68744 0.66506 0.73069 0.703190 0.67684 0.70259 0.672900 0.64461 0.67556 0.643930 0.61391 0.77732 0.72988 0.76290 0.71299 0.68533 0.66634 0.68301 0.62092 0.56447 612% 7% 10% 11% 12% 13% 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 0.88166 0.87344 0.82645 0.81162 0.79719 0.78315 0.82785 0.81630 0.75131 0.73119 0.71178 0.69305 0.65873 0.63552 0.61332 0.59345 0.56743 0.54276 0.53464 0.50663 0.48032 0.64351 0.62275 0.65160 0.62741 0.61763 0.59190 0.58543 0.55839 0.60423 0.56735 0.53273 0.58201 0.54393 0.50835 0.51316 0.48166 0.45235 0.46651 0.43393 0.40388 0.42506 0.37616 0.42410 0.38554 0.39092 0.36061 0.33288 0.35218 0.32197 0.29459 Exhibit 7 Present Value of an Annuity of $1 at Compound Interest Periods 4% 4% 1 0.96154 0.95694 5% 0.95238 2 1.88609 1.87267 1.85941 5%% 0.94787 1.84632 6% 0.94340 1.83339 3 2.77509 2.74896 2.72325 2.69793 2.67301 4 3.62990 3.58753 3.54595 3.50515 5 6 7 8 9 10 6.73274 7.43533 8.11090 4.45182 4.38998 4.32948 5.24214 5.15787 5.07569 6.00205 5.89270 5.78637 6.59589 6.46321 7.26879 7.10782 7.91272 7.72173 3.46511 4.27028 4.21236 4.99553 4.91732 5.68297 5.58238 6.33457 6.20979 4.84101 4.76654 4.35526 6.95220 6.80169 7.53763 7.36009 5.48452 6.08875 6.65610 7.18883 6%% 7% 10% 11% 12% 13% 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 3.42580 3.38721 3.16987 3.10245 3.03735 2.97447 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 4.23054 4.11141 3.99755 5.38929 4.86842 4.71220 4.56376 4.42261 5.97130 5.33493 5.14612 4.96764 6.51523 5.75902 5.53705 5.32825 7.02358 6.14457 5.88923 5.65022 4.79677 5.13166 5.42624