Your answer is incorrect. Joseph Moore borrowed some money from his friend and promised to repay him $1,260, $1,390, 91,510, $1,570, and $1,570 over the next five years. If the friend normally discounts investment cash flows at 7.0 percent annually, how much did Joseph borrow? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values.) Present value $