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:
Cash
The most liquid asset, representing currency or its equivalent that can be accessed immediately or near-immediately.
Interest-Bearing Note
A debt instrument where the borrower pays the lender interest over the life of the note, in addition to repaying the principal amount.
Long-Term Debt
Borrowings of a business that are due for repayment more than one year in the future.
Sales Tax Rate
The percentage of sales price that is added to the price of goods and services sold, collected by the seller and remitted to a governmental tax authority.
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