Present value of bonds payable; discount Pinder Co. produces and sells high-quality Video equipment. To finance its operations, Pinder issued $24,000,000 or three-year, 9% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. A Open spreadsheet Determine the present Value of the bonds payable. Round your answer to the nearest dollar $