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In nine years, when he is discharged from the Air Force, Steve wants to buy a $17,000 power boat Click here to view Exhibit 14B-1

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In nine years, when he is discharged from the Air Force, Steve wants to buy a $17,000 power boat Click here to view Exhibit 14B-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tobles. Required: What lump-sum amount must Steve invest now to have the $17,000 at the end of nine years if he can invest money at (Round your final answer to the nearest whole dollar amount.)

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