(CHAPTER 6) $ Your friend offers to you to be a part of his partnership business. If you agree to this, you will receive $8,000 at the end of each of the next 6 years. Your friend's partnership generates a 7% annual return. If instead you wait 6 years with receiving the money, and receive an equivalent amount of money at the end of year 6 in one large payment, how much would it need to be? PROFIT In the problem above I am working with Select ] (pick from the list below) 1 a single cash flow (like in Chapter 5) 2 multiple different cash flows 3 an annuity 4 a perpetuity In the problem above I need to calculate the [Select ] (pick from the list below) 1 Present Value 2 Future Value 3 number of time periods, or number of cash flows 4 interest rate 5 dollar amount of the repeating cash flow (Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer to TWO decimal places: for example, 10,000.23.) In the format $ $,$$$.$$, in the problem above my numerical answer is [Select] V Select ] [Select ] V (Select ] [Select ] [Select] [ Select ] dollars