Present value of bonds payable; premium Moss Co, issued $350,000 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. 1 x Feectack. r Creck My Won Remember, the seling 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 interest to be paid on the bonds: The market rate of interest is used to compute the present value of both the face amount and the periodic interest