problem:

sporting goods regularly facotrs its accunts recievable with the finance company. on april 30, 2016, the company trnasferred $800,000 of accounts recievable to the fincance company. the transfer was made without recourse. palmer remits 90% of the factored amount ans retains 10%. when the finance company collects the recievables, it remits to datema the retained amount less a 4% fee (4% of the total factored amount) datema estimated the fair (present) value for the last 10% of it recievable using present value techniques. the number of periods is 3.02 years and the discount rate is 10%. round your answer to the nearest thousand.