An amount of P dollars is borrowed for the given length of time with the amount F due at the end of the given length of time. Find the annual simple interest rate r. (Round your answer to two decimal places.)

P = $4000, F = 5148.00, 7 years

Find r = %

Your rich aunt gives you a high school graduation present of $200,000. Her present is in the form of a 9-year bond with an annual interest rate of 7.9%. The bond says that it will be worth $200,000 in 9 years. What is this gift worth at the present time? (Round your answer to the nearest cent.)