Exercise 14A-3 (Static) Basic Present Value Concepts [LO14-7] 171 points 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 14B1 and Exhibit 14.2. to determine the appropriate discount factors) 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.) 500k Present Value Hint 1. Ten percent 2 Fourteen percent Print D . References