Present value (with changing interest rates).Marty has been offered an injury settlement of

$15,000

payable in

5

years. He wants to know what the present value of the injury settlement is if his opportunity cost is

3.5%.

(The opportunity cost is the interest rate in this problem.) What if the opportunity cost is

7%?

What if it is

12%?

If Marty's opportunity cost is

3.5%,

what is the present value of the injury settlement?

$nothing

(Round to the nearest cent.)