is based on the notion that a dollar paid in the future is less valuable than a dollar paid today. The present value of a loan in which $5000 is to be paid out a year from today with the interest rate equal to 2% is $. (Round your response to the neareast two decimal place) If a loan is paid after two years, and the amount $7000 is to be paid then with a corresponding 3% interest rate, the present value of the loan is $ (Round your response to the neareast two decimal place)