Present value of bonds payable; premium Moss Co. issued $700,000 of fouryear, 11% bonds; with interest payoble 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. x Feedbosis TCheck Ur Whe 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 the periodic interest to be paid on the bonds. The macket rote of interest is used to compute the present value of both the face ampunt and the periodic interest