In here I couldnt understand where did 0,092 came how do we calculate ? Also if you tell me why were using this formula instead of the other Present Value formula i.e. Pv(1+i)^n

Example: In 1995 Coca-Cola Enterprises needed to borrow about a quarter of a billion dollars for 25 years. It did so by selling bonds, each of which simply promised to pay the holder $1,000 at the end of 25 years. The market interest rate at the time was 10 percent. How much would you have been prepared to pay for one of the company's bonds? To calculate present value we multiply the $1,000 future payment by the 25-year discount factor: PV=FV*PVF%10,25 +1000*0,092= $ 92