Find the present value of $30,000 due in 4 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 7%/year compounded daily $ 22,886.86 x Need Help? Read It Submit Answer -/2 Points] DETAILS TANFIN12 5.1.036. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER David owns $20,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 3%/year (simple interest). How much income will David receive from this investment every 6 months? How much interest will David receive over the life of the bonds