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Present value of bonds payable; premium Moss Co , issued $ 5 6 0 , 0 0 0 of four - year, 1 3 %

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Present value of bonds payable; premium
Moss Co, issued $560,000 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.
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