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Wildhorse Company receives a six-year, $58,000 note that bears interest at 8% (paid annually) from a customer at a time when the market interest rate is 6%. What is the present value of the note received by Wildhorse? (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.) You would like to purchase a car with a negotiated price of $31,000, and the dealer offers financing over a 5-year period at 9%. If you decide to trade in your current car to help reduce the amount of financing required, what trade-in value would you need to negotiate to ensure your annual payment is $6,200 ? (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.) If Betty Dahl invests $3,087 now, she will receive $10,800 at the end of 12 years. What annual rate of interest will Betty earn on her investment? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 52\%.)