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Using the following table, what is the present value of $22,200 to be received in five years, if the market rate is 6% compounded annually? Round to the nearest whole number. \begin{tabular}{|c|c|c|c|c|} \hline Periods & 5% & 6% & 7% & 10% \\ \hline 1 & 0.95238 & 0.94340 & 0.93458 & 0.90909 \\ \hline 2 & 0.90703 & 0.89000 & 0.87344 & 0.82645 \\ \hline 3 & 0.86384 & 0.83962 & 0.81630 & 0.75132 \\ \hline 4 & 0.82270 & 0.79209 & 0.76290 & 0.68301 \\ \hline 5 & 0.78353 & 0.74726 & 0.71299 & 0.62092 \\ \hline 6 & 0.74622 & 0.70496 & 0.66634 & 0.56447 \\ \hline 7 & 0.71068 & 0.66506 & 0.62275 & 0.51316 \\ \hline 8 & 0.67684 & 0.62741 & 0.58201 & 0.46651 \\ \hline 9 & 0.64461 & 0.59190 & 0.54393 & 0.42410 \\ \hline 10 & 0.61391 & 0.55840 & 0.50835 & 0.38554 \\ \hline \end{tabular}
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