Feedback Learning Objective 5 Present value of bonds payable; premium Moss Co. issued $780,000 of five-year, 12% bonds, with interest payable 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. 823,302 X 宜 ↑ Check My Work 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 pe 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. Exhibit 7 Present Value of an Annuity of $1 at Compound Interest bas jeg 023-262 pixels Periods 4% 1 0.96154 2 1.88609 3 4 2.77509 3.62990 3.58753 3.54595 415% 5% 0.95694 0.95238 1.87267 1.85941 274896 2.72325 5 4.45182 4.38998 4.32948 6 5.24214 5.15787 5.07569 4.99553 7 6.00205 5.89270 5.78637 5.68297 8 6.73274 6.59589 6.46321 9 7.43533 7.26879 10 8.11090 7.91272 7.10782 7.72173 54% 6% 615% 7% 10% 11% 12% 13% 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 1.84632 1.83339 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 2.69793 2.67301 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 3.50515 3.46511 342580 3.38721 3.16987 3.10245 3.03735 2.97447 4.27028 4.21236 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 5.58238 5.48452 5.38929 4.86842 471220 4.56376 4.42261 6.33457 6.20979 6.08875 5.97130 5.33493 5.14612 4.96764 4.79677 6.95220 6.80169 6.65610 6.51523 5.75902 5.53705 532825 5.13166 7.53763 7.36009 7,18883 7.02358 6.14457 5.88923 5.65022 5.42624 Periods 4% 4%% 1 0.96154 0.956940 2 5% 0.95238 0.92456 0.915730 0.90703 51% 0.94787 6% 0.94340 0.89845 0.89000 64% 0.93897 0.88166 7% 0.93458 0.87344 3 0.88900 0.876300 0.86384 0.85161 0.83962 4 0.85480 0.838560 0.82270 0.80722 0.79209 5 0.82193 0.802450 0.78353 0.76513 0.74726 6 0.79031 0.767900 0.74622 0.72525 0.70496 7 0.75992 0.734830 0.71068 0.68744 0.66506 8 0.73069 0.703190 0.67684 0.65160 0.62741 9 0.70259 0.672900 0.64461 0.61763 0.59190 10 0.67556 0.643930 0.61391 0.58543 0.55839 0.56735 0.53273 10% 11% 12% 0.90909 0.90090 0.89286 0.88496 0.82645 0.81162 0.79719 0.78315 0.82785 0.81630 0.75131 0.73119 0.71178 0.69305 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 0.64351 0.62275 0.51316 0.48166 0.45235 0.42506 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.54393 0.42410 0.39092 0.36061 0.33288 0.50835 0.38554 0.35218 0.32197 0.29459 13%