A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $$3,100$ per month for

the next three years and then $$2,100$ per month for two years after that. If the bank is charging customers $10\mathrm{.}00$ percent

APR, how much would it be willing to lend the business owner?

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.

What is the present value? Please explain how to do$.$