Present value (with changing interest rates).Marty has been offered an injury settlement of $8 000 payable in 5 years. He wants to know what the present value of the injury settlement is if his opportunity cost is 5%. (The opportunity cost is the interest rate in this problem.) What if the opportunity cost is 6.5%? What if it is 10%? If Marty's opportunity cost is 5%, what is the present value of the injury settlement?

(Round to the nearest cent.)