Emerson developed a new style of camping trailer. He is considering a licensing agreement with Easy-Tow, who will manufacture the new trailer. They are proposing to pay him $36,000 now, and $18,000 at the beginning of each of the ten years of the licensing agreement, starting in two years. If interest is 7.9% compounded semi-annually, what is the agreement worth today?

Emerson developed a new style of camping traler, He is consldering a lcensing agreersent with Easy-Tow, who will manufacture the new traler, They are proposing to poy him $38,000 now, and $18.000 at the beginning of each of the ten years of the licensing agreement, starting in two years. If interest is 7.9s compounded semi-arnually, what is the agroement worth today? The agreement is worth 5 today. (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)