Exercise 14A-3 (Algo) Basic Present Value Concepts [LO14-7] In six years, when he is discharged from the Air Force, Steve wants to buy a $21,000 power boat. Click here to view Exhibit 148-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve Invest now to have the $21,000 at the end of six years if he can invest money at: (Round your final answer to the nearest whole dollar amount.) 1. Nine percent 2. Eleven percent Present Value