You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in \$) at 6% interest, compounded quarterly in order to have $23,000,10 years from now. (Round your answer to the nearest cent.) Solve by using the present value formula. Round your answers (in $ ) to the nearest cent. Steve Perry borrowed $40,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $7,000. What is the new maturity value (in \$) of the loan? (Round your answer to two decimal places.)