Petes Real Estate is currently valued at $79,000. Pete feels the value of his business will increase at a rate of 10% per year, compounded semiannually for the next 5 years. At a local fund-raiser, a competitor offered Pete $84,000 for the business. If he sells, Pete plans to invest the money at 8% compounded quarterly. What price should Pete ask? (Use Table 1 and Table 2 provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Period | 0.5% 1.0% | 1.5% | 2.0% | 2.5% | 3.0% 3.5% | | 4.0% | 4.5% | 5.0% | 5.5% | 1.0050 | 1.0100 1.0150 |1.0200 | | 1.0250] 1.0300 | 1.0350] 1.0400 | 1.0450 1.0500 1.0550 2 |1.0100 | 1.02011.0302 | 1.0404 | 1.0506 | 1.0609 1.0712] 1.0816 1.0920 1.1025 1.1130 | 1.0151|1.0303 |1.0457 1.0612] 1.0769 | 1.0927] 1.1087] 1.1249 | 11412 1.1576 | 1.1742 | 1.0202 | 1.0406 | 1.0614 | 1.0824 | 11.1038 | 1.1255 | 1.1475| 1.1699 | 1.1925 1.2155 1.2388 | 1.0253 | 1.0510 | 1.0773|1.10411 1.1314 1.1593 1.1877 | 1.2167 | 1.2462 1.2763 1.3070 | 1.0304 | 1.0615 | 1.0934 | 1.1262 || 1.1597 | 1.1941 1.2293 | 1.2653 1.3023 13401 1.3788 1.0355 |1.072111.1098 | 1.1487 1.1887 | 1.2299 | 1.2723 | 1.3159 1.3609 1.4071 1.4547 | 1.0407 1.0829 1.1265 |1.1717 1.2184 | 1.2668| 1.3168| 1.3686 | 1.4221 1.4775 1.5347 | 1.0459 | 1.0937 | 1.1434 | 1.1951| 1.2489 | 1.3048 1.3629 | 1.4233 1.4861 1.5513 1.6191 |1.05111.1046|1.1605 |1.2190 | 1.2801| 1.3439| 1.4106 | 1.4802] 1.5530 1.6289 | 1.7081 11.0564 |1.1157 1.1779 |1.2434 | 1.3121| 1.3842] 1.4600 | 15395 1.6229 1.7103) 1.8021 2 |1.0617 1.1268 1.1956 |1.2682] 13449] 1.4258| 15111| 1.6010] 1.6959 | | 17959] 19012 23 4 5 6 7890 Period| 0.5% | 1.0% 1.5% | 20% | 25% | 3.0% 1 3.5% | 4.0% | 4.5% 0.9950 | 0.9901] 0.9852] 0.9804] 0.9756 | 0.9709 | 0.9662] 0.965] 0.9569 10.9901| 0.9803 | 0.97071 0.9612] 0.95181 0.9426] 0.9335 | 0.9246] 09157 0.9851 10.9706 | 0.9563 10.9423 0.9286 10.9151 10.9019 | 0.8890 0.8763 0.9802 10.9610 | 0.9422 | 10.9238 0.9060 10.8885 0.8714 10.8548 10.8386 0.9754 | 0.9515 0.9283 | 0.90571 0.8839| 0.8626 | 0.8420 ] 0.8219] 0.8025 0.9705 | 0.9420 | 0.9145 | 0.8880 | 0.8623] 0.83751 0.8135 | 0.7903 | 07679 10.9657] 0.9327] 0.9010| 0.8706 | 0.8413] 0.8131| 0.7860 | | 07599 | 0.7348 0.9609 | 0.9235] 0.88771 0.8535 | 0.8207] 0.7894 | 07594 | 10.7307] 0.7032 0.9561| 0.91431 0.87461 0.8368] 0.8007] 0.7664] 0.7337 | 107026 | 0.6729 0.9513 10.9053 0.8617 | 10.8203 0.7812 0.7441 0.7089 10.6756 10.6439 0.9466] 0.8963 0.8489 | 0.8043 0.7621 07224 0.6849 10.6496 | 0.6162 10.9419] 0.8874] 0.8364] 0.7885] 0.7436] 07014] 0.6618] 0.62461 0.5897 0.9372) 0.8787 | 0.8240 107730 0.7254 | 0.6810 0.6394 10.6006 0.5643 10.93261 0.8700 | 0.8118] 07579 | 0.70771 0.6611| 0.6178 | 07579107077 0661110617805775) 05400 10.9279 | 0.8613] 0.7999 | 0.7430 | 0.6905 | 0.6419 | 0.5969 10.5553 10.5167 | 0.9233 | 0.8528] 0.7880 | 0.7284 | 0.6736 | 0.6232 | 0.5767] 0.5339 | 0.4945 0.9187 0.8444 0764 107142 0.6572 0.6050 0.5572 10.5134 | 10.4732 10.91411 0.8360] 0.7649] 0.7002 | 0.6412] 0.5874| 0.5384] 0.4936 | 0.4528 10.9096] 0.82771 0.7536 | 0.6864 | 0.6255 | 0.5703] 0.5202 | 0.4746] 0.4333 20 | 0.9051| 0.8195 | 0.7425 | 0.6730| 0.6103 | 0.5537] 0.5026 | 0.4564 | 0.4146 23456789u 13 be Pee