Moss Co$.$ issued $$630,000$ of five$-$year, $11\%$ 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 interim calculations to the nearest dollar.

Exhibit $5$ Present Value of $\backslash (\backslash$$ $1\backslash )$ at Compound Interest Exhibit $7$ Present Value of an Annuity of $\backslash (\backslash$$ $1\backslash )$ at Compound Interest

$\backslash$begin$\{$tabular$\}\{$cccccccccccc$\}$

Periods & $\backslash (\backslash$mathbf$\{4\backslash \%\}\backslash )$ & $\backslash (\backslash$mathbf$\{4\}1/2\backslash \%\backslash )$ & $\backslash (\backslash$mathbf$\{5\backslash \%\}\backslash \%\backslash )$ & $\backslash (\backslash$mathbf$\{5\}1/2\backslash \%\backslash )$ & $\backslash (\backslash$mathbf$\{6\}\backslash \%\backslash )$ & $\backslash (\backslash$mathbf$\{61/2\backslash \%\}\backslash )$ & $\backslash (\backslash$mathbf$\{7\backslash \%\}\backslash )$ & $\backslash (\backslash$mathbf$\{10\}\backslash \%\backslash )$ & $\backslash (\backslash$mathbf$\{11\backslash \%\}\backslash )$ & $\backslash (\backslash$mathbf$\{12\backslash \%\}\backslash )$ & $\backslash (\backslash$mathbf$\{13\backslash \%\}\backslash )\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{1\}\backslash )$ & $0\mathrm{.}96154$ & $0\mathrm{.}95694$ & $0\mathrm{.}95238$ & $0\mathrm{.}94787$ & $0\mathrm{.}94340$ & $0\mathrm{.}93897$ & $0\mathrm{.}93458$ & $0\mathrm{.}90909$ & $0\mathrm{.}90090$ & $0\mathrm{.}89286$ & $0\mathrm{.}88496\backslash \backslash$

$2$ & $1\mathrm{.}88609$ & $1\mathrm{.}87267$ & $1\mathrm{.}85941$ & $1\mathrm{.}84632$ & $1\mathrm{.}83339$ & $1\mathrm{.}82063$ & $1\mathrm{.}80802$ & $1\mathrm{.}73554$ & $1\mathrm{.}71252$ & $1\mathrm{.}69005$ & $1\mathrm{.}66810\backslash \backslash$

$3$ & $2\mathrm{.}77509$ & $2\mathrm{.}74896$ & $2\mathrm{.}72325$ & $2\mathrm{.}69793$ & $2\mathrm{.}67301$ & $2\mathrm{.}64848$ & $2\mathrm{.}62432$ & $2\mathrm{.}48685$ & $2\mathrm{.}44371$ & $2\mathrm{.}40183$ & $2\mathrm{.}36115\backslash \backslash$

$4$ & $3\mathrm{.}62990$ & $3\mathrm{.}58753$ & $3\mathrm{.}54595$ & $3\mathrm{.}50515$ & $3\mathrm{.}46511$ & $3\mathrm{.}42580$ & $3\mathrm{.}38721$ & $3\mathrm{.}16987$ & $3\mathrm{.}10245$ & $3\mathrm{.}03735$ & $2\mathrm{.}97447\backslash \backslash$

$5$ & $4\mathrm{.}45182$ & $4\mathrm{.}38998$ & $4\mathrm{.}32948$ & $4\mathrm{.}27028$ & $4\mathrm{.}21236$ & $4\mathrm{.}15568$ & $4\mathrm{.}10020$ & $3\mathrm{.}79079$ & $3\mathrm{.}69590$ & $3\mathrm{.}60478$ & $3\mathrm{.}51723\backslash \backslash$

$6$ & $5\mathrm{.}24214$ & $5\mathrm{.}15787$ & $5\mathrm{.}07569$ & $4\mathrm{.}99553$ & $4\mathrm{.}91732$ & $4\mathrm{.}84101$ & $4\mathrm{.}76654$ & $4\mathrm{.}35526$ & $4\mathrm{.}23054$ & $4\mathrm{.}11141$ & $3\mathrm{.}99755\backslash \backslash$

$7$ & $6\mathrm{.}00205$ & $5\mathrm{.}89270$ & $5\mathrm{.}78637$ & $5\mathrm{.}68297$ & $5\mathrm{.}58238$ & $5\mathrm{.}48452$ & $5\mathrm{.}38929$ & $4\mathrm{.}86842$ & $4\mathrm{.}71220$ & $4\mathrm{.}56376$ & $4\mathrm{.}42261\backslash \backslash$

$8$ & $6\mathrm{.}73274$ & $6\mathrm{.}59589$ & $6\mathrm{.}46321$ & $6\mathrm{.}33457$ & $6\mathrm{.}20979$ & $6\mathrm{.}08875$ & $5\mathrm{.}97130$ & $5\mathrm{.}33493$ & $5\mathrm{.}14612$ & $4\mathrm{.}96764$ & $4\mathrm{.}79677\backslash \backslash$

$9$ & $7\mathrm{.}43533$ & $7\mathrm{.}26879$ & $7\mathrm{.}10782$ & $6\mathrm{.}95220$ & $6\mathrm{.}80169$ & $6\mathrm{.}65610$ & $6\mathrm{.}51523$ & $5\mathrm{.}75902$ & $5\mathrm{.}53705$ & $5\mathrm{.}32825$ & $5\mathrm{.}13166\backslash \backslash$

$10$ & $8\mathrm{.}11090$ & $7\mathrm{.}91272$ & $7\mathrm{.}72173$ & $7\mathrm{.}53763$ & $7\mathrm{.}36009$ & $7\mathrm{.}18883$ & $7\mathrm{.}02358$ & $6\mathrm{.}14457$ & $5\mathrm{.}88923$ & $5\mathrm{.}65022$ & $5\mathrm{.}42624$

$\backslash$end$\{$tabular$\}$