Present volue of bonds payable; premium Moss Co. issued $850,000 of five-yes, 11% bonds, with interest payable semvannually, at a market (effective) interest rate of 10%. Determine the present value or the bonds payable using the present value tables in Exhibit 5 and Exbibit z Round to the nearest dollar. Exhibit 7 PresentValue of an Annuity of $1 at Compound interest Exhibit 5 Present Value of $1 at Compound Interest