In three years, when he is discharged from the Air Force. Steve wants to buy a $11,000 power boat. Click here to view Exhibit 1484 and Exhibilia8 14 , to determine the approptiate discount factor(5) using tables. Required: What lump-sum amount must Steve invest now to have the $11,000 at the end of three years if he can invest money at: (Round your final answer to the nearest whole dollar amount.)