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Bramble Corp. receives a $74,000, 6-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 7%.

Bramble Corp. receives a $74,000, 6-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 7%. Click here to view the factor table 1. Table 2 Table 3 Table 4 What is the present value of the note received by Bramble? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to 2 decimal places, e.g. 25.25.)

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