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Exercise 14A-3 (Static) Basic Present Value Concepts [LO14-7] In three years, when he is discharged from the Air Force, Steve wants to buy an $8,000 power boat. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $8,000 at the end of three years if he can invest money at: (Round your final answer to the nearest whole dollar amount.)