Item7 Time Remaining 2 hours 4 minutes 46 seconds 02:04:46 Item 7 Time Remaining 2 hours 4 minutes 46 seconds 02:04:46 What is the value today of receiving $6,500 at the end of each year for the next 5 years, assuming an interest rate of 11% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $24,023 $26,097 $53,992 $40,481