A single amount of $4.700 is to be received in 3 years. If the single amount is discounted at 6% for 3 periods, the present value is The present value of $1 for 3 periods at 6% is 0.840. The present value of an ordinary annuity of $1 for 3 periods at 6% is 2.673. (Round your final answer to the nearest dollar.)