You need cash of $$15,500$ to be received in $5$ years, discounted at $8\%$ compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amount to be received? $($Round present value answer to two decimal places $($e$.$g$.,52\mathrm{.}75).)$

Inputs

$?$ N$/$A

Calculator Keys

N

I

PV PMT

FV

Present value