Question: Please help solve problem. 70/100 Total points awarded Help Show correct aris Compute the present value of $4,800 paid in two years using the following

Please help solve problem.

70/100 Total points awarded Help Show correct aris Compute the present value of $4,800 paid in two years using the following discount rates: 8 percent in the first year and 7 percent in the second year. (Do not round intermediate calculations and round your answer to 2 decimal places.) Future value 4,800 Number of years Interest rate first year 8.00% Interest rate second year 7.00%

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