please explain and solve thank you

Present Value of Bonds Payable; Discount Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder Co. Issued $2.5,000,000 of fiveyear, 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 8 and Exhibit 10. Round to the nearest dollar. Present Value of $1 at Compound Interest Present Value of an Annuity of $1 at Compound Interest