Refer to the Note 4(attached below with respect to long-term debt maturities). P&G is scheduled to pay debt maturities each fiscal year-end as indicated in the notes. At June 30, 2014, what was the present value of P&Gs fourth debt payment (due June 30, 2018)? (assume an 8% interest rate).

NOTE 4

LONG-TERM DEBT

June 30	2014				2013
LONG-TERM DEBT
4.95% USD note due August 2014	$	900			$	900
0.70% USD note due August 2014	1,000				1,000
3.50% USD note due February 2015	750				750
0.95% JPY note due May 2015	987				1,012
3.15% USD note due September 2015	500				500
1.80% USD note due November 2015	1,000				1,000
4.85% USD note due December 2015	700				700
1.45% USD note due August 2016	1,000				1,000
0.75% USD note due November 2016	500
Floating rate USD note due November 2016	500
5.13% EUR note due October 2017	1,501				1,437
1.60% USD note due November 2018	1,000
4.70% USD note due February 2019	1,250				1,250
4.13% EUR note due December 2020	819				784
9.36% ESOP debentures due 2014-2021(1)	640				701
2.00% EUR note due November 2021	1,023
2.30% USD note due February 2022	1,000				1,000
2.00% EUR note due August 2022	1,365				1,307
3.10% USD note due August 2023	1,000
4.88% EUR note due May 2027	1,365				1,307
6.25% GBP note due January 2030	851				764
5.50% USD note due February 2034	500				500
5.80% USD note due August 2034	600				600
5.55% USD note due March 2037	1,400				1,400
Capital lease obligations	83				31
All other long-term debt	1,884				5,674
Current portion of long-term debt	(4,307		)		(4,506		)
TOTAL	19,811				19,111
Long-term weighted average interest rates(2)	3.2		%		3.3		%