Present Value of Bunds Payabin; Discount Pinder Co. produces and sells tigh-quality video equipment. To finance is operations, Pider issued $25,000.000 of five-year, 7% bonds; with interest payable semiannually, at a mar (eitective) interest rate of 9% Potermine the periem value of the toonds payable, using the present value tables in Exbuhit 5 and L sh hit 7 . Round to the nearest dollor