ind the present value of the given future amount.
$\$ 13,000$ for 15 months at $8 \%$ simple interest
What is the present value?
$\$$
(Round to the nearest dollar as needed.)

Step 1 ：We are given a future value (FV) of $13,000, an interest rate of 8% per year, and a time period of 15 months. We are asked to find the present value (PV).

Step 2 ：We can use the formula for simple interest to calculate the present value: \(PV = \frac{FV}{1 + r*n}\), where FV is the future value, r is the interest rate per period, and n is the number of periods.

Step 3 ：First, we need to convert the annual interest rate to a monthly rate, since our time period is in months. We do this by dividing the annual rate by 12: \(r = \frac{8}{12} = 0.006666666666666667\).

Step 4 ：Next, we plug in the given values into the formula: \(PV = \frac{13000}{1 + 0.006666666666666667*15}\).

Step 5 ：Solving the equation gives us a present value of approximately $11818.181818181818.

Step 6 ：Rounding to the nearest dollar, we get a final present value of \(\boxed{11818}\).