Question: Appendix 1 EX 1 1 - 1 2 Present Value of Bonds Payable; Discount Obj. 5 Pinder Co . produces and sells high - quality

Appendix 1 EX 11-12 Present Value of Bonds Payable; Discount
Obj. 5
Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued
$25,000,000 of 5-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
Exhibits 5 and 7. Round to the nearest dollar.
Face Value of Bond
Contract Annual Interest
Semi annual interst
Years
Number of Periods
Face Amount
Interest (annunity)
show every step for every math equation and explain
Appendix 1 EX 11-12 Present Value of Bonds Payable; Discount Obj.

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