2) years, a rancher received $900 from an investment that earned 3% interest compounding annually. Using...

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2) years, a rancher received $900 from an investment that earned 3% interest compounding annually. Using the table below, how much did the rancher invest? Express your answer to two (2) decimal places. TABLE AI.3 Present Value of $1 Interest Rate Number 1 3 4 6% 7% 8% of Years 1% 2% 3% 4% 5% 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.9515 0.9057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 -0.9235 0.8535 0.7894 0.7307 0.6768 0.6274 0.5820 0.5403 5 7 8 9 10 0.9143 0.8368 0.7664 0.7026 0.6446 0.5919 0.5439 0.5002 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632 2) years, a rancher received $900 from an investment that earned 3% interest compounding annually. Using the table below, how much did the rancher invest? Express your answer to two (2) decimal places. TABLE AI.3 Present Value of $1 Interest Rate Number 1 3 4 6% 7% 8% of Years 1% 2% 3% 4% 5% 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.9515 0.9057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 -0.9235 0.8535 0.7894 0.7307 0.6768 0.6274 0.5820 0.5403 5 7 8 9 10 0.9143 0.8368 0.7664 0.7026 0.6446 0.5919 0.5439 0.5002 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632