Sandhill Company receives a six-year, $55,000 note that bears interest at 7% (paid annually) from a customer at a time when the market interest rate is 5%. What is the present value of the note received by Sandhill? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Value of note received $