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ebook Present Value of Bonds Payable; Discount Pinder Co. products and sells high-quality video equipment. To finance its operations, Pinder issued $25,000,000 of five year, 7% bonds, with interest payable semiannually, at a market (effective interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. X Chewy 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 periodic interest to be Bold on the bonds The market rate of interest is used to compute the present value of both the face amount and the periodic Interest