Present Value of Bonds Payable; Premium Moss Co. issued $210,000 of four-year, 12% 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. 1,120,335 X 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 t bonds.

Present Value of Bonds Payable; Premium Moss Co. issued $210,000 of four-year, 12% 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 S and Exhibit 7. Round to the nearest dollar. x Feedback Ched 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 matunty date and honds. Exhibit 5 Present Value of 31 at Compound interest Exhibit 7 Present Value of an Annuity of $1 at Compound Interest