Hi could you help me with some question on bonds.

Present Value of an Annuity Determine the present value of $260,000 to be received at the end of each of four years, using an interest rate of 5%, compounded annually, as follows: a. By successive computations, using the present value of $1 table in Exhibit 5. Round to the nearest whole dollar. First year $:] Second Year :] Third Year :] Fourth Year :] Total present value 315:] b. By using the present value of an annuity of $1 table in Exhibit 7. Round to the nearest whole dollar. 3;:1 c. Why is the present value of the four $260,000 cash receipts less than the $1,040,000 to be received in the future? The present value is less due to deflation over the 4 years. Present Value of Bonds Payable; Premium Moss Co. issued $500,000 of four-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. $l:l Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond that pays semiannual interest of $175,000 ($5,000,000 x 7% x 1/2), receiving cash of $5,400,000. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Discount on Bonds Payable x 135,000 X Interest Expense x 40,000 X Cash x 175,000 X