What is the present value of 4 receipts of $2,000 each received at the beginning of each period, discounted at 7% compound interest? (Round answer to O decimal places, e.g. 458,581.) Present value $ Kingbird Inc. has completed the purchase of new Surface computers. The fair value of the equipment is $493,625. The purchase agreement specifies an immediate down payment of $100,000 and semiannual payments of $58,464 beginning at the end of 6 months for 4 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? Interest rate % semiannually