What is the present value of $8,000 to be received at the end of 6-years if the required rate of return is 15%? Below is a table for the present value of $1 at compound interest. Year 1 2 3 4 5 Year 1 15% 0.870 0.756 0.658 0.572 0.497 2 3 4 5 Year 15% 0.870 1.626 2.283 2.855 3.353 6 7 8 9 10 Below is a table for the present value of an annuity of $1 at compound interest. Year 6 15% 7 8 9 10 0.432 0.376 0.327 0.284 0.247 15% 3.785 4.160 4.487 4.772 5.019

What is the present value of $8,000 to be received at the end of 6 -years if the required rate of return is 15% ? Below is a table for the present value of $1 at compound interest. Below is a table for the present value of an annuity of $1 at compound interest