Present value (with changing interest rates). Marty has been offered an injury settlement of $14,000 payable in 3 years. He wants to know what the present value of the injury settlement is if his...

Extracted text: Present value (with changing interest rates). Marty has been offered an injury settlement of $14,000 payable in 3 years. He wants to know what the present value of the injury settlement is if his opportunity cost is 5%. (The opportunity cost is the interest rate in this problem.) What if the opportunity cost is 8%? What if it is 10%? If Marty's opportunity cost is 5%, what is the present value of the injury settlement? %$4 (Round to the nearest cent.)