#$3$D $($PV and FV of mixed stream$)$

Question $2(1$ point$)$

You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at $12\mathrm{.}9$ percent, compounded annually.

End of year

$$4,704$

$$4,518$

$$657$

$$875$

What is the present value of this investment if $12\mathrm{.}9$ percent per year is the appropriate discount rate?

Round the answer to two decimal places.