If you owe $48,000 payable at the end of seven years, what amount should your creditor accept in payment immediately if she could earn 11 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value Appendix present store at S1, PV, PV-PO! 12 0.081 0825 0.751 0.812 0731 507 . 971 CE os 2007 0.915 OO ONS 0855 103 070 0.754 070 OT TU 0.705 0.813 0.750 55 0.780 0.731 0.75 0.700 14 066 072 0.650 0.70105 0.557 047 044 097 0.58 061050105300001500305 0.914 OS 0.404 0.361 0922 0.00 0.313 0.317 0.25 02 0773 0.758 0.229 0.000 0 ORO 0.72 O 0.750 0.66 0673 0.610 0552 0.453 032 0.642 0.03 OBS 0.587 0.57 0554 0.48 0.412 0307 0228 0.556 0.481 0534 045 0513048 0.69 0.416 0.65 0.396 0456 037 075 0295 0.305 2 31 0.208 0.1 01410ORT 0.417 0 30 0 315 0.276 0230 04 03 0292 0.2 0218 01 0317270 034 0105 0 3500 96 0.250 0212 0.10 1 2 7 0232 104 0164 0312 0258 02150178 1 0233 1 116 2 0114 0.11 0.09 0.075 DO 0.097 0.067 0.00 0.002 0.022 0054 00 01 00130 000 0 0.209 .18 0170 .153 0138 124 014 004 0.015 0005 13 0163 0.145 0.130 0.116 104 009 0.033 0.011 0.000 0672 O A luded 0 135 145 155 165 175 18% 0. 07 07001162 SD 0.840 000 0.703 0700 750 0.743 0.71 0.18 0.70 0.04 0603 0675065 0641 064 0.6090.53 059 0.613 O 052 052 0534 015 04990 5 05190.4 0.4 0.46 7 0.419 0.400.4560432 0.40 0.500 0.370 .362 0.35 667 0.444 20 DO 0.750 7 0. 05400 02 0. 0 510 051204560.400 0410 350 000 020 02 03 04 0.2020 2021 0.13 0.333 0300 20 2 0.263 00022 0227 0 1 .209 1 Q. 7 2017 30 116 C6 10005 004 0000 O 0000 04 00150000 01 000 00 000 0.000000 DOO 30 0.000 000 000 4 CORE DOO co 0.008 0005 004 000 000 000 000