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(128378) End Time 11:00 AM / Remaining 171 min. BACK NEXT Question 1 Wildhorse Co. receives a six-year, $50,000 note that bears interest at 8%

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(128378) End Time 11:00 AM / Remaining 171 min. BACK NEXT Question 1 Wildhorse Co. receives a six-year, $50,000 note that bears interest at 8% (paid annually) from a customer at a time when the market interest rate is 6%. What is the present value of the note received by Wildhorse? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, eg. 5,275.25.)

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