Using the following table, what is the present value of $40,000 to be received in five years, if the market rate is 7% compounded annually? 
Definitions:
Consensual Searches
Searches conducted by law enforcement with the explicit consent of the individual being searched, without the need for a warrant.
Fourth Amendment
A provision of the United States Constitution that safeguards individuals' rights against unreasonable searches and seizures, requiring any warrant to be judicially sanctioned and supported by probable cause.
Customs Searches
Customs Searches entail the examination of goods and personal belongings by customs authorities at borders to ensure compliance with import and export regulations.
White-collar Crime
White-collar crime involves financially motivated, nonviolent crime committed by business and government professionals, typically involving fraud, embezzlement, or other forms of deception.
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