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Blossom Company receives a $ 72,700, 4-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is

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Blossom Company receives a $ 72,700, 4-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Blossom? (Round answer to 2 decimal places, eg. 25.25.) Present value of note received Table 3 Present Value of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 96154 .95238 .94340.93458 .92593 .91743.90909 .90090 .89286 .86957 92456 .90703 .89000 .87344 .85734 .84168.82645 .81162 .79719.75614 88900 86384 83962 .81630 .79383 .77218 .75132.73119 .71178 .65752 .85480.82270 .79209.76290 .73503 .70843.68301 .65873 .63552 .57175 82193.78353.74726 .71299.68058.64993.62092 .59345 .56743 .49718 7903 .74622 .70496 66634 .63017 .59627 .56447 .53464 .50663 43233 75992 .71068 .66506 .62275 .58349 .54703.51316.48166 .45235.37594 .73069 .67684 .62741 .58201 .54027 .50187 .46651 .43393 .40388 .32690 .70259 .64461 .59190 .54393 .50025 .46043 .42410 .39092 .36061 .28426 67556 .61391 .55839 .50835 46319 42241.38554 .35218 .32197 .24719 64958.58468 .5267947509 .42888 .38753.35049.31728 .28748.21494 .62460 .55684.49697 .44401.39711 .35554.31863 .28584 .25668 .18691 .60057 .53032 46884 .41496 .36770 .32618.28966 .25751 .22917 .16253 .57748 .50507 .44230 .38782 .34046 .29925.26333 .23199.20462 .14133 .55526 .48102 41727 36245 .31524 .27454.23939 .20900 .18270 .12289 5339 .45811 39365 .33873 .29189.25187 .21763.18829 .16312 .10687 51337 .43630 .37136 .31657 .27027 .23107 .19785.16963 .14564 .09293 .49363 .41552 .35034 .29586 .25025 .21199.17986 .15282 .13004 .08081 47464 .39573 .33051 27615 .23171 .19449.16351 .13768 .11611 .07027 .45639 37689 .31180 25842 .21455 .17843 .14864.12403 .10367 .06110 4 10 12 13 14 15 16 17 18 19 20 Table 4 Present Value of an Annuity of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Payments 94340 .93458 .92593 .91743 .90909.90090 89286.86957 1.886091.85941 1.833391.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.77509 2.72325 2.6730 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.629903.545953.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 4.45182 4.329484.212364.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 5.242145.075694.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.111413.78448 6.002055.786375.582385.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.1604:2 6.732746.46321 6.209795.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 7.43533 7.10782 6.80169 6.51523 6.24689 5.995255.759025.53705 5.328254.77158 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.889235.65022 5.01877 8.760488.30641 7.886877.49867 7.138966.805196.49506 6.206525.93770 5.23371 9.385078.86325 8.383847.94269 7.536087.160736.81369 6.49236 6.194375.42062 9.98565 9.39357 8.85268 8.35765 7.90378 7.486907.10336 6.74987 6.42355 5.58315 10.56312 9.898649.29498 8.74547 8.24424 7.786157.366696.98187 6.62817 5.72448 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 11.65230 10.83777 10.10590 9.44665 8.851378.31256 7.82371 7.37916 6.97399 5.95424 12.16567 11.27407 10.47726 9.76322 9.121648.54363 8.02155 7.548797.11963 6.04716 12.65930 11.6895910.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 13.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 13.59033 12.46221 11.46992 10.59401 9.81815 9.128558.51356 7.963337.46944 6.25933 96154 95238 10 12 13 14 15 16 17 18 19 20

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