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Compute the present value of the bonds payable

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Present Value of Bonds Payable; Premium Moss Co. issued $770,000 of four-year, 13% bonds, with interest payable semiannually, at a market (effective) interest rate of 12%.

Question 1: Determine the present value of the bonds payable, using the present value . Round to the nearest dollar.

Reference no: EM132523369

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