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Compute the present value of a $48 payment when the discount rate is 8.0 percent with annual compounding and the payment is in 13 years?

Compute the present value of a $48 payment when the discount rate is 8.0 percent with annual compounding and the payment is in 13 years? Answers should be rounded to two decimal places. Example $3.25

Compute the present value of a $48 payment when the discount rate is 8.0 percent with annual compounding and the payment is in 13 years? Answers should be rounded to two decimal places. Example $3.25

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