X 5.1.43-BE Is Question Help Karl Yates needs $23,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 8 months. What is the present value of $23,000 at 4.7% simple interest in order to accumulate the $23,000 in 8 months? The present value is $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check