TABLE 3 Present Value of 1 8% Periods 1 WN 4 5 6 7 8 9 10 4% 96154 .92456 .88900 .85480 .82193 .79031 .75992 .73069 .70259 .67556 .64958 .62460 .60057 57748 55526 53391 51337 49363 .47464 45639 5% 95238 90703 .86384 .82270 .78353 .74622 .71068 .67684 .64461 .61391 58468 55684 .53032 .50507 .48102 .45811 .43630 .41552 39573 37689 6% 94340 .89000 .83962 .79209 .74726 .70496 .66506 .62741 59190 55839 .52679 .49697 46884 .44230 .41727 39365 37136 35034 33051 31180 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27615 0.25842 .92593 .85734 .79383 .73503 .68058 .63017 .58349 .54027 .50025 .46319 .42888 .39711 .36770 .34046 .31524 29189 .27027 .25025 .23171 .21455 9% 91743 .84168 .77218 .70843 .64993 .59627 .54703 .50187 .46043 .42241 .38753 .35554 .32618 .29925 27454 .25187 23107 .21199 .19449 .17843 10% .90909 .82645 .75132 .68301 .62092 .56447 .51316 46651 42410 .38554 35049 .31863 .28966 .26333 23939 21763 .19785 .17986 .16351 .14864 11% .90090 .81162 .73119 .65873 .59345 53464 .48166 .43393 .39092 .35218 .31728 .28584 .25751 .23199 .20900 .18829 .16963 .15282 .13768 .12403 12% .89286 .79719 .71178 .63552 .56743 .50663 .45235 .40388 .36061 .32197 .28748 .25668 .22917 .20462 .18270 .16312 .14564 .13004 .11611 .10367 15% .86957 .75614 .65752 .57175 .49718 .43233 .37594 .32690 .28426 .24719 .21494 .18691 .16253 .14133 .12289 .10687 .09293 .08081 .07027 .06110 11 12 13 14 15 16 17 18 19 20 Sandhill Co. receives a $83,000, 5-year note bearing interest of 7% (paid annually) from a customer at a time when the discount rate is 8% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Sandhill? (Round answer to 2 decimal places, eg. 25.25.) Present value of note received $