Present value of bonds payable; premium

Moss Co$.$ issued $$840,000$ of four$-$year, $12\%$ bonds, with interest payable semiannually, at a market $($effective$)$ interest rate of $11\%.$

Determine the present value of the bonds payable using the present value tables in Exhibit $5$ and Exhibit $7.$ Round to the nearest dollar.

$\backslash$table$[[$Periods$,4\%,41\frac{1}{2}\%,5\%,51\frac{1}{2}\%,6\%,$Exhibit $5,$Present Value of $$1$ at Compound Interest$],[,,,,,],[1,0\mathrm{.}96154,0\mathrm{.}956940,0\mathrm{.}95238,0\mathrm{.}94787,\frac{61}{2}\%,7\%,10\%,11\%,12\%,13\%$