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Rainbow bought a new home entertainment system today from Andre s Electronics. She will pay $ 2 , 0 0 0 to Andre s Electronics

Rainbow bought a new home entertainment system today from Andres Electronics. She will pay $2,000 to Andres Electronics today, receive a cash rebate of $500 from Andres Electronics in 2 years, pay $3,000 to Andres Electronics in 3 years, and receive a cash rebate of $1,000 from Andres Electronics in 6 years. If the discount rate is 7.25 percent, then what is the present value of the cash flows associated with this transaction? Note: the correct answer is less than zero. Round your answer to the nearest cent.
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