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Please help. Thank you. In seven years, when he is discharged from the Air Force, Steve wants to buy a $22,000 power boat. Click here

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Please help. Thank you.

In seven years, when he is discharged from the Air Force, Steve wants to buy a $22,000 power boat. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $22,000 at the end of seven years if he can invest money at: (Round your final answers to the nearest whole dollar amount.) Present Value 1. Ten percent 12. Twelve percent

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